Dim Sums takes issue with Chinese data for showing pork production on par with the prior year but pork prices being 36 percent higher, and up even more using China’s National Bureau of Statistics data. Income is relatively stable, suggesting it is not demand that is driving up price. The anomaly does not show using USDA and FAO data. There is a similar discrepancy in Chinese soybean data whereby demand and prices for soybeans are high, but imports are lower as are crush margins. Churchill referred to the Soviet Union (Russia) as a riddle wrapped in a mystery inside an enigma. Sometimes China can be equally as perplexing. ...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.