Based on conversations with our market sources, there are actually two companies involved in the recently reported major soybean smuggling operation in China that was uncovered by the Qingdao City customs unit in 2014. Oilseeds Massive Soybean Smuggling Operation Revealed China's Legal Daily recently disclosed a major soybean smuggling operation uncovered by the Qingdao City customs agency in 2014. According to the report and other media sources, the volume of soybeans smuggled was worth 5.46 billion RMB (approximately $870 million). While the accused parties have not been publicly identified, the investigation revealed that a major trading company was involved. China Customs had become aware of this activity after reviewing soybean impo...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
Let’s return briefly to the fake meat hype cycle, now sitting somewhere in a dusty corner of your mind, not entirely forgotten. What happened to all those products, known as plant-based alternative proteins? They were supposed to be as good as real meat—cheaper, more environmentally...
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.