Disappointing Export Sales for Soybeans The 24 November USDA export sales report was very disappointing for soybeans. It showed net soybean export sales for MY 2017/18 totaling only 869,100 MT the week ending 16 November, 45 percent below the past four-week average and a low for the marketing year. Sales for shipment in 2018/19 totaled 34,500 MT, all to Japan. Considering this is the prime marketing period for U.S. soybeans, the sales volume was far below what is necessary to reach USDA’s forecast for the year. The main destinations for the sales were China (407,100 MT), unknown (164,000 MT), Mexico (105,900 MT), the Netherlands (69,300 MT) and Peru (36,400 MT). Soybean exports were much better at 1,925,500 MT with 7.4 percent...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.