Weekly soybean sales totaled 1.4 MMT with 992,000 MT of the total to China. USDA also announced the sale of 110,000 MT of soybeans to China in MY 2014/15. Those waiting for U.S. soybean export sales to China to stop are left scratching their collective heads. General Comments The trade came back to work for today's short session and was faced with a bullish USDA weekly export sales report. Old crop soybean sales totaled 1.4 MMT with 992,000 MT of the total to China. Corn export sales totaled just over 1 MMT with wheat sales at 562,000 MT. All were higher than expected, but the soybean sales number was clearly over the top. That drove a sharply higher opening in the soy complex, while corn was slightly lower and wheat higher. Trading volum...
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.