Big New Crop Soybean Sale Indicative of Buyer Concerns about U.S. Crop Yesterday USDA reported that an exporter last Friday or over the weekend made a sale of 1.19 MMT of soybeans to an unknown destination for shipment in the 2012/13 marketing year. The sale was the fifth largest one-day soybean sale in history and has an approximate value of about $640 million. Most likely the buyer was a Chinese crusher since China is about the only country with a buyer capable of making and handling such a large purchase.That a buyer would buy so many soybeans at once this time of the year is an indication of just how worried foreign soybean buyers are becoming about the size of the U.S. crop in 2012. Most large foreign buyers undoubtedly have been mo...
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.