Soybeans Market Overview Soybean markets were not as active last week as they were two weeks ago. China secured additional cargoes of U.S. soybeans for October and November positions while also buying Brazilian vessels for the 2021 campaign. Brazil is out of the market for 2020 and, in fact, there were several “washouts” with Chinese crushers selling Brazilian soybeans and buying back from the U.S. While Brazil is worth 250X, the U.S. Gulf is trading around 220-225X. Moreover, the Chinese are willing to buy more U.S. soybeans to comply with the Phase One trade deal. Basically, Brazil is reducing the export program as it seems to have oversold its soybean crop. Brazilian crushers need to buy soybeans and farmers ar...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.