The Indonesian government's director general of food crops indicates that imposition of a 10 percent tariff on soybeans is being considered as a way to encourage local production and boost self-sufficiency. Indian Soybean Crop Forecast to Decline 15.3 Percent The president of the central Organization for Oil Industry and Trade of India yesterday predicted that the country’s 2015 soybean crop will decline 15.3 percent to only 7.2 MMT. If realized, that would be India’s smallest soybean crop since 2005 when it produced 7 MMT. USDA currently is forecasting the crop at 11 MMT, but it is expected to sharply reduce that in the November WASDE. It estimates last year’s Indian soybean crop totaled 9 MMT. However, it appears Indian officials believ...
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.