The Russian government has strongly encouraged farmers to plant more oilseeds in recent years to reduce the need for imports and increase exports, and they have apparently sown a record area this year with two particular crops showing the largest gains. Oil World Cuts Forecast for Indian Soybean Crop Oil World reduced its forecast for India’s 2017 soybean crop by 0.9 MMT to 9.6 MMT, a drop from the 10.5 MMT produced last year. It indicated the crop may be even smaller unless plantings pick up soon. They totaled 9.6 million hectares as of 28 July, 10 percent below a year ago. Recent weather forecasts call for below-average rainfall and higher temperatures in the next week or so in the key soybean-producing state of Madhya Pradesh, which co...
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.