Large Soybean and Soymeal Sales Reported by USDA Today's USDA export sales reported indicated U.S. exporters recorded large sales of soybeans and soymeal in the week ending 29 March. Soybean export sales totaled 1,112,900 MT. Of that amount, 406,900 MT are for shipment in 2011/12 and 706,000 MT are for shipment in 2012/13. As usual, the main buyers are Chinese firms with new purchases of 257,200 MT for 2011/12 and 525,000 MT for 2012/13. Other large buyers were Indonesia (105,100 MT), Mexico (41,700 MT) and Egypt (31,700 MT).U.S. soymeal export sales last week totaled 174,000 MT. That was 34 percent higher than the average of the last month. The main buyers, all in the Western Hemisphere, were Mexico (85,100 MT), Venezuela (39,500 MT), C...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
Beef packer margins deteriorated to $141/head last week, down $55 from the prior week as fed cattle prices strengthened while the Choice cutout remained nearly unchanged. The cutout held near $373/cwt while fed cattle prices climbed $4/cwt to $224/cwt, narrowing processor profits. Despite the d...
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.