Some analysts are projecting that Chinese soybean meal inventories will trend upward as feed mills take a wait-and-see approach and soybean imports into the country ramp up. Oilseeds Soymeal Inventories Soar 900,000 MT As the average utilization rate of the soybean processors remained high and demand from downstream markets softened, last week’s estimated soybean meal inventories increased 139,200 MT (+18.3 percent) over the previous week. At 901,400 MT, last week’s estimated inventories are 243,000 MT lower than the same week in 2014. Compared with a week ago, soybean meal inventories were up in all surveyed regions. In Guangdong and Fujian, soybean meal inventories increased 40.54 percent to 106,400 MT and 36.45 percent to...
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.