Oilseeds Soymeal Inventories Surge Significantly Across China Soymeal stocks rose significantly countrywide except for a drop of 6,900 MT (-8.36 percent) to 74,500 MT in Fujian Province, bringing the national total to 1.24 MMT as of 22 June 2018. That was up 122,100 MT (+10.9 percent) from the week prior and an increase of 35,900 MT (+3 percent) compared with the same week a year ago. Meal stocks grew the most dramatically in the Northeast and Guangdong, ticking up 20,000 MT (+44.4 percent) to 65,000 MT and 26,000 MT (+44.8 percent) to 84,000 MT, respectively. The recent surge has been the result of four straight weeks of price gains in the live pig market and stepped-up utilization rates by the crushing industry. Higher meat prices coupl...
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...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
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...
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.