Oilseed prices may have peaked for now, but the bull market is impacting consumption and production. We say “may” because the Rosario Grains Exchange reduced its estimate of Argentine soybean production this year to 40 MMT from 42 MMT due to frost, and the Buenos Aires Exchange is saying it could be true. Argentina is having several problems including a truckers strike and diesel shortages. The oilseed processing and export associations (CIARA-CEC) say that soybean crush utilization has dropped by 43 percent. Malaysia continues to have its own labor shortage, estimated at 10-35 percent, plus concerns about fertilizer availability and cost. But the higher oilseed prices and assuming better weather, FAS attaches are reporting exp...
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.