China Sells Reserve Soybeans China’s National Grain Trade Center today announced the government sold 192,324 MT of reserve stock soybeans at auction. They were sold at 3,043 yuan/MT ($476/MT), only 1.4 percent above the minimum sales price of 3,000 yuan/MT. The volume sold was approximately just 60 percent of the soybeans offered, which were produced in 2012 and 2013. More will be offered for sale in auctions over the coming weeks. Informa Raises Forecast for U.S. Soybean Plantings Informa Economics yesterday raised its forecast for U.S. soybean plantings in 2018, telling clients it now expects a total 89.902 million acres, up from its previous forecast of 89.4 million acres and USDA’s forecast of 88.982 million acres...
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.