The recent sharp declines in global soybean prices may be good news for the world's soybean processors, food manufacturers and animal feeders after years of very high prices. However, this turn has U.S. farmers almost in shock and most likely South American farmers as well. Sizable Soy Export Sales Last Week Today's USDA export sales report indicated U.S. exporters made sizable sales of soybeans and soymeal last week. Net soybean sales for shipment in 2014/15 totaled 869,100 MT. In addition, there was a sale of 21,500 MT to Thailand for shipment in 2015/16. The main buyers for shipment in the current marketing year were China (730,800 MT), the Netherlands (141,500 MT), Taiwan (69,400 MT), Mexico (43,900 MT), Japan (35,000 MT) and Indonesi...
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.