One of the bright spots for global soybean demand in the past two decades has been Southeast Asia, which has had solid economic growth in recent years as well as a relatively rapid population expansion. This has led to increased meat and fish production with a rise in feed demand that has boosted soymeal consumption. Analysts Expect StatsCanada to Report Record Soy Crop, Third-Largest Canola Crop On Thursday, Statistics Canada will release its August forecast for Canada's crop production this year. A survey of analysts by Reuters found their average estimate for this year's Canadian canola production is 14.5 MMT with a range of 13.8-15.1 MMT. StatsCanada's July forecast was 14.45 MMT. Last year's canola crop was a record 17.96 MMT. Heavy...
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.