China Continues to Buy U.S. Soybeans Because of the Columbus Day holiday on Monday USDA will not issue its weekly export sales report until tomorrow. However, it is clear Chinese importers have continued to purchase and import U.S. soybeans. Yesterday and today USDA indicated exporters had reported the sale of a total of 525,000 MT of U.S. soybeans for export to China. Most likely additional export sales will be reported in tomorrow’s export sales report. As it stands now, it appears China has purchased at least 23,402,000 MT of U.S. soybeans for export in 2020/21. Total soybean export sales to all markets now total at least 42,742,504 MT. Those numbers will certainly increase substantially in tomorrow’s report. USDA&rs...
Beef packer margins deteriorated to -$218/head last week, down $20 from the prior week as a softer Choice cutout combined with slightly lower fed cattle prices. The cutout slipped to $391/cwt while fed cattle prices eased to $256/cwt, leaving packer profits under pressure. Margins remain deeply...
What You Need to Know Today: The U.S. and Iran agreed to a peace deal on Monday with the deal expected to be signed Friday in Switzerland. The memorandum signed is explicit that Iran will allow 60 days of toll-free transit for all traffic through the Strait of Hormuz, and President Trump annou...
The U.S. and Iran announced a framework peace deal. Crude oil futures dropped to $83.08, the lowest since early March. The breakthrough comes as President Trump said that if Iran failed to reach a deal, he would order renewed military attacks. An LNG tanker chartered by India’s Petronet 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.