China on a Soybean Buying Spree The smaller soybean crop in South America clearly has gotten the attention of Chinese soybean buyers. To make sure they get the soybeans they need for the remainder of this year, Chinese crushers have stepped up their U.S. soybean purchases for shipment in the current and next marketing year.Today's USDA export sales report indicated U.S. porters last week sold 117,300 MT of U.S. soybeans for shipment to China in the current marketing year and an additional 675,000 MT for shipment in the 2012/13 marketing year. In addition, exporters made sales of 147,500 MT of old crop soybean sales and 394,000 MT of new crop sales to unknown destinations. Most likely some of those sales are to China as well.This week USD...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
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.