Soybeans There was significant movement last week in the soybean market with China actively buying beans for spot delivery as well as securing new crop supplies. China was purchasing mostly from Brazil but secured Argentine cargos as well. There were several trades for September and October positions at 249X CNF China. By the end of the week there was news that U.S. and Chinese negotiators will meet in October to continue attempting to find a resolution to the trade war. Although trading companies are skeptical about the agreement, the news immediately affected the futures market, prompting a sharp decrease in Dalian soymeal and soyoil futures that tanked Chinese crush margins. Due to the negative crush margins, Chinese buyers immed...
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.