Surprisingly Large U.S. Soy Export Sales Today's USDA export sales report showed surprisingly large U.S. export sales of soybeans and soymeal last week. The market has been expecting sales to greatly diminish with the onset of Brazilian soy exports, but apparently buyers need more soybeans and soymeal before they expect to receive deliveries from Brazil.Today's report indicated U.S. exporters last week made net additional sales of 689,000 MT of soybeans, with China accounting for 474,800 MT of that. The other main destinations for the sales were Indonesia (98,300 MT), the Netherlands (75,900 MT), Japan (45,800 MT), Mexico (38,700 MT), Korea (27,700 MT), Egypt (21,100 MT), Vietnam (18,100 MT) and Taiwan (11,200 MT). Exports last week tota...
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.