Thoughts are quickly starting to shift toward the potential for 2017 acres and how that might translate into U.S. production and ending supplies in MY 2017/18. Thoughts are quickly starting to shift toward the potential for 2017 acres and how that might translate into U.S. production and ending supplies in MY 2017/18. This week Informa updated its guestimates, forecasting corn acres will drop to 90.1 million acres in 2017 from 94.3 million acres in 2016 and winter wheat acres will decline to 33.2 million acres from 36.1 million acres. It is also projecting soybean acres will increase to 88.9 million acres from 83.6 million this year. These numbers are mostly in line with those that WPI and many other analytical groups have been considering...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.