Stats Canada reports that a record 1.77 MMT (65 million bushels) of soybeans were produced in Manitoba Province this year as farmers there continue to boost the plantings for several reasons. NOPA Soy Crush for November The National Oilseed Processors Association (NOPA) today reported its members crushed 160.752 million bushels of soybeans in November, 3 percent more than in the same month a year ago. However, it was below the average estimate of analysts polled by Reuters of 162.568 million bushels as well as the 164.641 million bushels crushed in October 2016. This month’s data includes that of a new member, Express Grain Terminals LLC, which operates a soybean crushing plant in Greenwood, Mississippi that previously processed cottonsee...
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.