Brazil's ABIOVE today raised its forecast for the country's 2016 soybean crop from 97.8 MMT to 98.6 MMT. That is less than the forecasts of USDA and the Brazilian government, which are projecting a harvest of 100 MMT or greater. However, it is far from certain that the crop will be as large as estimated. Pakistan Begins to Export Soymeal Pakistan has long been a significant importer from India. However, it has built its own soybean crush capacity because of rising domestic soymeal demand and the sharp decline in Indian soymeal exports. USDA is forecasting Pakistan will import 850,000 MT of soybeans in 2015/16, up from 350,000 MT in 2014/15 and only 11,000 MT in 2013/14. In addition, USDA is forecasting it will import 1 MMT of soymeal 2015...
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.