The USDA reports contained something for nearly everyone. While there were some other reports this week of smaller-than-expected corn harvest yields, it will take disappointments from a much wider geographical area to cast any doubt on today's estimates.Today's USDA reports contained something for nearly everyone. The U.S. corn yield actually declined slightly with production down 101 million bushels and projected 2015/16 ending supplies dropping 121 million bushels. The soybean yield was increased by .2 bushels/acre, but a 30 million bushel cut in 2014/15 ending supplies more than offset the slight gain in production. The U.S. and world wheat numbers were bearish with production and ending supplies both getting larger. Details are no...
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.