Dec 26 Corn closed at $4.49/bushel, up $0.0975 from yesterday's close. Dec 26 Wheat closed at $5.9275/bushel, up $0.0475 from yesterday's close. Jan 27 Soybeans closed at $12.28/bushel, up $0.3975 from yesterday's close. Dec 26 Soymeal closed at $326.5/short ton, up $5.8 from yesterday's close. Dec 26 Soyoil closed at 62.77 cents/lb up 0.74 cents from yesterday's close. Dec 26 Live Cattle closed at $219.2/cwt up $3 from yesterday's close. Jan 27 Feeder Cattle closed at $326.675/cwt up $2.5 from yesterday's close. Dec 26 Lean Hogs closed at $55.8/cwt down $0.075 from yesterday's close. Dec 26 WTI Crude Oil closed at $86.37/barrel down $0.48 from yesterday's close. ...
Key Takeaways: Expanding U.S. soybean crushing capacity is strengthening domestic demand, driven largely by growing soyoil consumption from the renewable diesel and biofuels industries. Despite increased domestic processing, substantial quantities of U.S. soybeans are expected to remain availa...
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.