World Perspectives
soy-oilseeds

Oilseed Highlights: U.S. Soy Yield, Argentine Soy Crushers, Soy Export Sales, Indian Soy

The Case for an Average U.S. Soybean Yield Below USDA’s Forecast USDA’s most recent forecast for the average U.S. soybean yield in 2019 is 47.9 bushels per acre (3.22 MT/hectare). That is below the average of the last 3 years. However, is it still too high? A look at the most recent soybean condition report suggests it likely is. Monday’s crop condition report indicated that 54 percent of the soybeans in the 118 states surveyed by USDA were rated as either good or excellent. That compares with the average a year ago of 68 percent. However, in the key state of Illinois only 43 percent were rated as good or excellent versus 80 percent a year ago. In Indiana and Ohio, the percentage of good or excellent was 31 and 33 percen...

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feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.2875/bushel, down $0.0475 from yesterday's close.  Jul 25 Wheat closed at $5.6775/bushel, down $0.065 from yesterday's close.  Jul 25 Soybeans closed at $10.68/bushel, down $0.0675 from yesterday's close.  Jul 25 Soymeal closed at $284.1/short ton, down $...

livestock

Cow-Calf Profitability Improves, Indicates Herd Rebuilding

Southern Plains cow-calf producers’ margin outlook continues to improve despite the recent pullback in feeder cattle prices. Returns on an inflation-adjusted basis remain below those of 2014 and 2015 but are now within striking distance of those records and could easily break them this fa...

WPI Transportation Report

Dry Bulk Markets Dry bulk markets were mixed this week with Capesize vessel rates initially pushing higher, but then failing on reduced coal, iron ore, and bauxite demand and shipments. Rates for Capes were particularly sensitive to China’s weakening coal import demand and the country&rsq...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.2875/bushel, down $0.0475 from yesterday's close.  Jul 25 Wheat closed at $5.6775/bushel, down $0.065 from yesterday's close.  Jul 25 Soybeans closed at $10.68/bushel, down $0.0675 from yesterday's close.  Jul 25 Soymeal closed at $284.1/short ton, down $...

livestock

Cow-Calf Profitability Improves, Indicates Herd Rebuilding

Southern Plains cow-calf producers’ margin outlook continues to improve despite the recent pullback in feeder cattle prices. Returns on an inflation-adjusted basis remain below those of 2014 and 2015 but are now within striking distance of those records and could easily break them this fa...

WPI Transportation Report

Dry Bulk Markets Dry bulk markets were mixed this week with Capesize vessel rates initially pushing higher, but then failing on reduced coal, iron ore, and bauxite demand and shipments. Rates for Capes were particularly sensitive to China’s weakening coal import demand and the country&rsq...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.3275/bushel, down $0.0075 from yesterday's close.  Jul 25 Wheat closed at $5.7375/bushel, down $0.005 from yesterday's close.  Jul 25 Soybeans closed at $10.7275/bushel, down $0.02 from yesterday's close.  Jul 25 Soymeal closed at $284.9/short ton, up $0...

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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.

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