Argentine Soymeal Headed to U.S. Despite expectations that the U.S. will have a record volume of soybeans at the end of August, the NBSA shipping agency in Argentina reported last week that cargoes (92,178 MT) of Argentine soymeal are now headed there. Assuming the agency’s data is accurate, the most likely destination for the soymeal shipments is the discharge facility in Wilmington, North Carolina that is owned by a consortium of swine and poultry producers located in the eastern part of the state. At the time it built the discharge facility in Wilmington, the consortium indicated the reason for doing so was to provide an alternative source of soymeal and grains to the U.S. domestic market when needed to push down domestic prices...
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.