World Perspectives
soy-oilseeds

WASDE Soybeans

USDA’s October WASDE reduced 2022/23 U.S. soybean production to 4.3 billion bushels, down 65 million on lower yields. Soybean exports are reduced 40 million bushels to 2.05 billion with increased competition from South America. Due to lower exports offseting by increased crush, ending stocks are unchanged from last month at 200 million bushels. The U.S. season-average soybean price for 2022/23 is forecast at $14.00 per bushel, down 35 cents. Soybean meal and oil prices are unchanged at $390.00 per short ton and 69 cents per pound respectively.  Global soybean ending stocks are raised 1.6 million tons to 100.5 million, mainly on higher stocks for Brazil. Attached material shows that world ending stocks of soybeans are at historic...

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Summary of Futures

Jul 25 Corn closed at $4.3875/bushel, up $0.0525 from yesterday's close.  Jul 25 Wheat closed at $5.345/bushel, down $0.075 from yesterday's close.  Jul 25 Soybeans closed at $10.5775/bushel, up $0.0175 from yesterday's close.  Jul 25 Soymeal closed at $295.9/short ton, up $0.4 f...

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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.

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