The wheat markets are quiet with not much business reported for new crop since they heated up two weeks ago. Wheat with 11.5 percent protein rose to the mid-$180s/MT for December-February shipment, but two factors have pressured prices this week. Soybeans Brazil Brazilian basis levels have been gradually dropping after last week’s CBOT rally. The rally was great news for Brazilian farmers who have been selling fairly good volumes of old and new crop soybeans each day since it started. Selling has been heavier in the new crop and has forced that basis downward, which is turning out to be an interesting level for some trading houses to take a position. Sellers were offering February at $0.53H, March at $0.42H and April/May $0.33-0.34K, all...
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.