The government of Argentina issued a decree yesterday that reaffirmed an earlier decision regarding the export taxes on soybeans and soy products, and this is likely to impact farmers' planting decisions into the next few years. China Crushed Record Volume of Soybeans Last Week China’s National Grains and Oils Information Center (CNGOIC) today reported 1.95 MMT (71.64 million bushels) of soybeans were crushed in that country last week, which was the highest weekly volume ever. It also marked the seventh week in a row that the total exceeded 1.8 MMT. The record crush was driven by large soybean imports and high crushing margins, which are currently around 300–400 yuan/MT ($43.20-67.60/MT). However, the margin has declined by about 100 yuan...
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.