The September WASDE soybean ending supply estimate was 195 million bushels, and the trade was looking at today’s stocks number to see if carry-in soybean supplies would go up or down. Meanwhile, if there was a surprise, it came in wheat.The quarterly stocks reports carried significant importance during the bull market that ended about two years ago. This is because U.S. and world ending supplies for corn, soybeans and wheat all had varying degrees of tightness. Four consecutive years of record world crop production has made that supply outlook much more comfortable despite continued annual growth in global consumption. That improved comfort level in U.S. and world supplies has rendered the quarterly stocks reports to a lower level of import...
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.