USDA announced today that U.S. exporters have sold an additional 350,000 MT of soybeans to China for shipment in 2013/14. This should send a signal to the market that fears of China canceling many of the soybean purchases from the U.S. are not justified. Indian Soymeal Exports Down by 10.3 Percent in December India's soymeal exports in December totaled 451,314 MT, according to the Solvent Extractors' Association (SEA). That was 10.3 percent less than in November and 12.6 percent below the 516,456 MT exported in December 2012. The top three markets were Iran, France and Thailand, per the SEA. Exports to Iran totaled 134,748 MT in December 2013 versus 184,860 MT in December 2012.The decline in soymeal exports was mainly because India's pric...
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.