Overnight trading volume in grain and soy markets was substantially less than during the Sunday/Monday overnight session. There was very little effort to push prices up or down, and any changes were thus limited. This began to change after trading resumed following the morning recess. Meteorologists are now unanimous in declaring the existence of a La Nina event that will likely hang around until at least early spring. However, typical related weather conditions (heavy rain over north and central Brazil, dryness over southern Brazil and Argentina, and dryness for the U.S. southern Plains) have been around for several weeks. Noncommercial funds have been modestly long soybeans and soy products for quite some time. The relatively small sizes...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.