Soy Export Sales Highlights Today’s USDA export sales report was positive for soybeans, but not so much for soymeal and soyoil. Maybe China’s stepped up buying of U.S. soy will result in large sales in coming weeks. Net soybean export sales in the week ending 7 May totaled 655,500 MT for shipment in 2019/20 and 440,000 MT for shipment in 2020/21. The top sales for 2019/20 were for China (274,900 MT), Egypt (111,600 MT), the Netherlands (68,400 MT), Italy (48,600 MT), and Indonesia (45,500 MT). These sales and others were partially offset by reductions in unknown destinations of 182,300 MT. The sales for shipment in 2020/21 were for China (374,000 MT) and unknown destinations (66,000 MT). Soybean exports last week totaled 473,8...
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.