During his political career, Maggi made waves by supporting President Lula’s re-election because of the latter's commitment to growing the soybean industry and its export infrastructure. Most of the infrastructure improvement was targeted to Maggi’s state of Matto Grosso.Brazil’s President Dilma Rousseff was suspended for 180 days after the lower chamber of Congress there voted to impeach her and the Senate followed suit on 12 May by a vote of 55-22. At the end of that period, there will be a trial that could last up to 20 days and ends with the Senate rendering a verdict on whether she broke federal budgetary laws. Upon the suspension, Vice President Michel Temer assumed office and has already appointed a new cabinet that signals a sharp t...
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.