Weather may be having an impact on U.S. hard red winter wheat, but another factor will also influence production in 2017. Meanwhile, Argentina's soybean and corn crops are facing their own issues.The markets have come to rely on USDA’s weekly crop progress reports. Among other items, the reports include crop ratings, which have taken on a life of their own over the years. As often noted here, they are highly subjective and generally submitted by county agents. There are no specific guidelines, budgets, training, etc. The weekly consolidated national reports don’t start until the winter wheat crops have broken dormancy in the spring. Several states do, however, submit monthly reports throughout the winter, and some released their ratings as...
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.