U.S. New Crop Soybean Export Sales Above Pace of 2016/17 As of today, U.S. exporters have reported to USDA the sale of 25.997 MMT of soybeans for export in MY 2020/21, including 15.073 MMT reportedly sold to China. A year ago, sales totaled only 6.403 MMT with only 0.260 MMT sold to China. What is interesting is that this year’s new crop sales exceed the amount sold for export on 1 September in MY 2016/17 when U.S. soybean exports reached 58.964 MMT, the highest ever. The total sold at this point in 2016/17 was 22.298 MMT for all destinations with 9.031 MMT sold to China. There is every reason to believe U.S. soybean export sales will continue strong in much of MY 2020/21. Brazil is effectively out of soybeans for expor...
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.