U.S. Soy Export Sales Highlights U.S. export sales of soybeans and soymeal were up in the week ending 18 April, but soyoil sales and exports declined from the previous week. Net soybean export sales for 2018/19 shipment totaled 596,300 MT, mainly to unknown destinations (230,700 MT), China (212,100 MT) and Japan (52,200 MT). Those sales for 2019/20 totaled 22,700 MT, primarily to Mexico (16,000 MT). Soybean exports last week of 396,000 MT were 48 percent below the past four-week average with Mexico (160,000 MT) the top destination. Net soymeal export sales totaled 329,100 MT, 82 percent above the past four-week average. The top sales were to the Philippines (139,100 MT), Colombia (89,800 MT) and Italy (38,000 MT). Sales for 2019/20 shipm...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
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.