Soy Export Sales Below Expectations The expected sharp decline in U.S. soybean and soymeal export sales seems to have come. Today's USDA export sales report showed a net reduction of 109,200 MT in U.S. soybean exports last week. New sales were 83,700 MT to Germany, 62,500 MT to Mexico, 38,900 MT to Taiwan, 35,300 MT to Indonesia, 9,000 MT to Egypt and 12,500 MT to other destinations. The sales were more than offset by decrease of 230,600 MT to China, 146,500 MT to unknown and 9,000 MT to Israel. Net export sales for 2013/14 totaled 345,000 MT and were mainly to China (335,000 MT).Net soymeal export sales of soymeal last week totaled only 132,400 MT and mainly were to Vietnam (40,000 MT), Denmark (35,500 MT), Spain (27,400 MT), Poland (27...
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.