Brazilian Farmers Investing More in Soybeans, Less in Corn Because of low corn prices and the necessity to treat soybeans for Asian rust, farmers in Mato Grosso as well as other states have apparently decided that it is wiser to attempt to maximize soybean yields than use their limited capital to invest about the same in both crops. They have sharply reduced their corn plantings in the current summer season because of poor profitability, and many expect an additional decrease in the safrinha season. One agricultural input supplier in Mato Grosso indicates sales of inputs for corn are expected to be down at least 10 percent in that latter season. Meanwhile, farmers there indicate they need a soybean yield of about 60 (60 kg) sacks/hectare (...
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.