Although U.S. exports and unshipped sales of soybeans and soymeal continue to run behind the pace of a year ago, today’s USDA export sales report indicated U.S. exporters' sales of soybeans, soymeal and soyoil reached unexpected levels in the week ending 17 December. Very Large U.S. Soy Export Sales Last Week After noting a week ago that it seemed that upcoming U.S. soy export sales would likely be lackluster because of the expectation of large sales out of Argentina, this clearly was not the case last week, although it may be in future weeks. Today’s USDA export sales report indicated U.S. exporters made very large sales of soybeans, soymeal and soyoil in the week ending 17 December. It showed a net total of 2.0697 MMT of U.S. soybeans w...
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.