Each week, the trade expects to see the cancellation of outstanding export sales of soybeans to China. Instead, however, there are even more sales to China and no cancellations or deferrals. U.S. Soy Export Sales Continue Growing Each week, the trade expects to see the cancellation of outstanding export sales of soybeans to China. Instead, however, there are even more sales to China and no cancellations or deferrals. This clearly was the case with today's USDA export sales report.Today's report indicated that total net new sales of U.S. soybeans last week were 577,000 MT, 25 percent above the past four-week average. Sales to China totaled 436,400 MT with 184,900 MT of that offset by shifts from unknown and a small cancellation. Exports of...
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.