For the second consecutive week, the average domestic corn price fell RMB 10/MT ($1.50/MT) last week to RMB 1780/MT ($274.20/MT). Since the beginning of April, it has dropped RMB 50/MT ($7.70/MT). The steady decrease has had an impact on the deep corn processing industries. Oilseeds Soymeal Inventories Rise Above 1 MMT Again After a significant decrease to kick off April, last week’s estimated soymeal inventories climbed 90,000 MT to 1.08 MMT (+8.81 percent). This trend was largely expected as the port stocks were approaching 7 MMT the week before last. As will be discussed below, those port stocks were drawn down last week in anticipation of the arrival of new soybean imports. Compared with the same week in 2015, last week’s estimated t...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.