Oilseeds China Looks to Russia for Alternative Soybean Supplies With a trade war looming between the U.S. and China, much of the commentary has focused on the latter’s limited alternative sourcing options for soybeans. While its threat of a 25-percent tariff on U.S. soybeans would certainly impact the largest single U.S. agricultural export to the Middle Kingdom, which accounted for more than 60 percent of the total value of all such exports shipped there in 2017, observers have correctly noted that China would have few other sources. At present, it imports about 64 percent of the 151 MMT of soybeans traded worldwide with 53 percent coming from Brazil, 35 percent from the U.S. and 7 percent from Argentina. That leaves about 5 percen...
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.