The Argentine soybean market was active this week with trades for April-July at levels of 6 SN for April and May, 10 SN for June and 14 for July FOB. At this time, trades are estimated at 5-5.5 MMT, while farmers haven’t sold more than 5 MMT to the export sector from the 2016 crop of 58 MMT. Soybeans Brazil has already harvested more than 33 percent of the crop with good yields being confirmed. It is clear that there are plenty of beans in the market, and farmers are generally not selling any stocks at this time. It is estimated that they have already sold approximately 60 percent of production.February exports should be close to 4 MMT, although the final volume is still being determined. It is estimated that around 3.4 MMT of this went t...
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.