Both the soybean and soymeal markets rallied overnight as the Dalian soymeal market prices stabilized amid another session of record trading volume. Undoubtedly, another catalyst for renewed buying in the soy complex was the declaration by the Australian Bureau of Meteorology regarding the mega-El Nino. General Comments The soybean and soymeal markets are irrepressible! Both rallied overnight as the Dalian soymeal market prices stabilized amid another session of record trading volume. New volume records for Dalian meal futures have become almost a daily occurrence. Yesterday’s large increases in open interest for CME soybeans, meal and corn suggest that speculative long positions were added. Chicago wheat open interest also jumped about 5...
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.