The July WASDE released Friday cut U.S. 2014/15 soybean ending supplies all the way down to 255 million bushels and estimated that 2015/16 U.S. soybean ending supplies would be 425 million bushels. Many analysts, including this one, believe that number is far too big.The soybean market has wanted and tried to be very bearish for more than a year now. Record crops in South America coupled with forecasts for the same in the U.S. as well as record world supplies had many analysts talking about sub $8.00 soybean prices. It seems like we have been talking about U.S. soybean ending supplies exceeding 500-600 million bushels (13.6-16.3 MMT) at some point ahead of the next marketing year in each of the past six-eight years, and yet we never get the...
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.