Oilseeds Soymeal Inventory Rises as Feed Demand Falls Sharply The impact of African swine flu (ASF) has continued to dampen feed demand throughout the end of October and into the start of November. Equally important, the newly recommended protein inclusion guidance of 26 October also appears to be impacting soymeal utilization. As a result, the nation’s estimated soymeal inventory climbed for the second consecutive week to reach 968,900 MT as of 2 November, up 75,300 MT (+8.4 percent) from the previous week and, reversing trends from two weeks ago, 320,600 MT (+49.5 percent) more than the same week in 2017. Regionally, meal stocks increased everywhere except in Guangdong and Guangxi, which had drops of 1,300 MT (-2.6 percent) to 48,...
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.