The Brazilian soybean market showed huge movement during the past few weeks, especially in the June position. The interesting dynamic has recently been the rising FOB prices juxtaposed against stable CNF rates due to one particular factor. Soybeans Argentina Argentina’s soybean harvest reached 53 percent completion last week on a weekly progress rate of 17 percent, and it is 7.5 percent ahead of last year at this same date. The average yield dropped to 3.44 MT/hectare this week as more marginal areas are being harvested. In total, 33 MMT have been harvested so far, and total production estimates remain around 56.5 MMT.Farmer selling is near 10 percent to date (roughly 5.6 MMT), but crushers used 4 MMT in April while exporters shipped 850...
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.