Falling soymeal stocks and increasing soyoil prices, combined with inexpensive imported soybeans, have boosted Chinese crushing margins recently. U.S. soybean exports to China set a new monthly record in August... Oilseeds Soymeal Crushers Continue To Idle Plants To Boost Meal Prices Through last Friday, October 14, China’s total estimated soybean meal inventory had fallen to 442,400 MT, a 60,500 MT (-12.03 percent) drop from the previous week and a 109,700 MT (19.87 percent) decrease since mid-September. Compared with the same week in 2015, last week’s figures are 336,000 MT (43.2 percent) lower. In the North and East regions, inventories fell 86,000 MT (-12.87 percent) and 136,000 MT (-6.91 percent) year-over-year, respectively. Soybea...
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.