Throughout the past year, USDA has been forecasting China's soybean imports in MY 2013/14 would reach 69 MMT, but that estimate may actually be too pessiimistic. The China National Grain and Oils Information Center (CNGOIC) is now predicting that total will be 70 MMT. China Soybean Imports to Exceed USDA Forecast Says Chinese Agency Throughout the past year, USDA has been forecasting China's soybean imports in MY 2013/14 would reach 69 MMT. When it first announced the estimate back in May 2013, many people thought it was far too optimistic, considering Chinese imports were only 59.865 MMT in 2012/13. Most believed it was just too bullish to expect an increase of over 9 MMT in one year.It now appears that USDA's forecast may actually turn...
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.