Tight Soybean Supplies Drive High Soymeal and Soyoil Prices in India This time of the year India is normally the near-least or least expensive source of soymeal for Asian markets. However, that clearly is not the case this year because of Indian farmers' unwillingness to sell their soybeans -- even at very high prices. Today the price of soybeans delivered to crushing plants in Indore closed at the equivalent of about $723.50/MT ($19.69/bushel), but availability was low as a result of slow farmer selling. Because of the high price crushers must pay for soybeans, the soymeal and soyoil prices are quite high as well. Even at the current price, crushers say they cannot get enough soybeans to honor their contracts. Refined soyoil today trade...
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.