India has suffered from droughts during the past two years, reducing its production of lentils, peas and other pulse crops that are diet staples for many there. This has led to sharply higher prices for the crops and is expected to impact Canadian farmers' planting decisions. Surprising March NOPA Soy Crush This past Friday’s National Oilseed Processors Association (NOPA) soybean crush report showed last month was surprisingly good for members as they had crushed 156.69 million bushels (4.265 MMT). That was the second-highest crush total for March, second only to 6162.822 million bushels (4.432 MMT) during the same month in 2015. The average daily crush in March was 5.04 million bushels, up slightly from the average in February. The month...
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.