Thailand's energy minister announced today that the government plans to change the current biodiesel blending requirement on 15 April in an effort to address the country's palm oil supplies and demand. Few Changes in USDA's Soy Supply and Distribution Forecasts In today's WASDE report, USDA made very few changes to its U.S. and global soy supply and distribution forecasts for the current year. Domestically, it reduced soybean ending stocks on 31 August 2015 from 385 million bushels to 370 million bushels by raising the usage for seed by 6 million bushels and the residual by 14 million bushels. The domestic soybean crush and soybean export forecasts were unchanged.On the international side, USDA raised its estimate for Argentina's 20...
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.