Chinese government data indicates the country imported 8.09 MMT of soybeans in June, primarily from Brazil and Argentina. Trade sources indicate an additional large volume from Brazil has already been booked for shipment in the fall, which has implications for U.S. soybean exports. Uptick in Soybean Export Inspections Last Week Yesterday's USDA report showed that it inspected a larger-than-expected volume of soybeans last week for export. The total of 306,379 MT included 106,414 MT destined to the Netherlands. 21,288 MT were to be exported from Chicago and 85,126 MT from the Gulf. The large shipments to the Netherlands in recent weeks are somewhat of a mystery as very few U.S. soybeans normally go there at this time of year. Most likely,...
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.