The continued sale for export of so many of last year's soybeans increasingly suggests the 2013 U.S. soybean crop was larger than USDA is estimating. Big Soybean Sale to Unknown Buyers USDA caused a bit of commotion today in the soybean market when it announced the sale of 568,000 MT (20.87 million bushels) of soybeans to unknown buyers for shipment in MY 2013/14. The trade initially discounted the sale by assuming it was for shipment in 2014/15 or a cancellation for China erroneously reported as a sale. However, USDA later told reporters the exporter reporting the sale had been contacted and re-affirmed that it was indeed a sale for shipment in 2013/14. If the sale announcement indeed is correct, then the logical buyer is China. However,...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.