NOPA September Crush Well Below Expectations The September NOPA report released on Wednesday indicated 152.566 million bushels (4.153 MMT) of soybeans were crushed in September. That was almost 10 million bushels below the average estimate of 9 analysts queried by Reuters of 162.135 million bushels (4.413 MMT). It was also well below the 168.085 million bushels (4.575 MMT) crushed in August and the160.779 million bushels (4.376 MMT) crushed in September 2018. Most likely the lower than expected crush volume was a result of crushers taking down time for repairs and possibly weak soymeal demand because of the hot weather. The NOPA report indicated its members had 1.442 billion pounds 654,087 MT) of soyoil in stock at the end of Septem...
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.