Soybean Pressures Global oilseed supplies are tight and under further threat. More dry heat is coming to the U.S. Midwest and if it persists into August, the soybean crop is at risk. India’s monsoon has been spotty, causing soybean planting to be 22 percent behind last year’s sowing rate. Conab just lowered Brazil’s crop production estimate by 0.2 percent to 124.048 MMT. Canada is planting 4.7 percent fewer acres of soybeans due to dryness. On the upside, Argentina is projected to plant 40 percent more sunseed acres in 2022/23 in response to current high prices. China Puzzle Pork prices are too high in China at the same time soymeal stocks are large and margins poor. The government has warned farmers against price...
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.