Soybeans: USDA’s outlook for 2023/24 is higher U.S. ending stocks, up 25 million on higher yields, to 245 million bushels. The U.S. season-average soybean price for 2023/24 is forecast at $12.90 per bushel, unchanged from last month. The soybean oil price was reduced 2.0 cents to 61.0 cents per pound. The soybean meal price is unchanged at $380.00 per short ton. The global 2023/24 soybean ending stocks are reduced 1.1 million tons as higher stocks for Brazil and the United States are more than offset by lower stocks for China: China’s beginning stocks are reduced on lower soybean imports for 2021/22 and 2022/23 and higher crush for 2022/23. ...
What You Need to Know Today: The U.S. Treasury Department authorized the production, delivery, and sale of Iranian oil for 60 days after “productive talks” with Iran in Switzerland over the weekend. Chevron and Microsoft entered into a 20-year agreement to develop Project Kilby, a...
When the USMCA was renegotiated in 2020, it added a sunset review process under which all three countries — the U.S., Mexico and Canada — are to meet on 1 July to indicate whether they want to renew the pact for another 16 years. That deadline is coming up in nine days, and Trump ha...
Wheat Argentina's wheat planting campaign advanced 13.4 percentage points week over week. Despite limited rainfall, low temperatures, and elevated atmospheric humidity, soil recovery remains slow across the southern agricultural belt, where field access for machinery continues to be constrained...
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.