China’s State Council has approved the National Resource Defense Council’s (NRDC’s) proposed 2016 soybean target price of RMB 4,800/MT ($732.50/MT), which was based on two specific factors. Oilseeds Soymeal Inventories Hold Steady After a month of steady increases, China’s estimated soymeal inventories finished the week at 1.17 MMT, unchanged from the previous week and down 40,000 MT compared with a year ago. According to our surveys, they did rise to 182,400 MT (+32.84 percent) in Guangdong and 126,100 MT (+7.79 percent) in Fujian. Meanwhile, those inventories in north and northeast China grew to 136,400 MT (+15.97 percent) and 122,000 MT (+1.22 percent), respectively. However, they did decline in other provinces. Provided the April for...
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...
Inflation is back in the driver’s seat, and agriculture is getting pulled in two directions. A stronger dollar is pressuring grains despite fresh Chinese buying, while renewed Middle East attacks lift crude oil. Higher energy prices can support commodities, but they also raise expenses an...
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.