The stock market fell nearly 1,200 points yesterday, the Dow’s largest decline in a single day and the biggest drop since 2011, a very volatile year. Monday’s bear market was the equivalent of almost a 4.6 percent loss, which is far from a record in percentage terms. There were 21 days in 2011 with drops of 2 percent or more. The last time the market fell by at least 2 percent was when the U.K. approved the Brexit referendum in 2016. While the market had no drops at that level in 2017, there were 71 daily closing records. On the S&P 500, stocks were down for all of the 505 companies except for two: Church and Dwight, a major consumer goods company, and Trip Advisor. As a sector, financial companies had the worst performance...
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.