USDA’s WASDE report of today further tightened the soybean supply situation by boosting exports. It also raised its forecasts for soybean exports and crush in 2016/17, but that was not by enough to offset higher production resulting from more harvested area. U.S. Unshipped Soybean Export Sales at Record for July Last week’s USDA Export Sales report indicated there were 7.227 MT of unshipped soybeans on the books for export from the U.S. in 2015/16 as well as 423,000 MT of optional origin sales. It would appear that is the highest ever unshipped soybean sales volume for the month of July. Just what this means is not clear with slightly more than seven weeks left in the marketing year.It seems likely that some exporters have decided to shi...
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.