With the landed price of imported soybeans rising to RMB 2,935.74/MT ($433/MT) last week, oil and meal prices were increased. Despite that, the average crush margin for those stocks fell below the RMB 300/MT threshold. Nevertheless, there is a reason why margins can be expected to remain healthy. Oilseeds Soymeal Inventories Continue to Recover Through 28 October, China’s estimated soymeal inventory totaled 577,000 MT, an increase of 58,900 MT (+11.37 percent) from the previous week but 185,200 MT lower (-24.3 percent) than a year ago. In the north and east regions, the estimated inventories grew to 98,100 MT (+4.58 percent) and 203,900 MT (+5.70 percent), respectively. As expected, new shipment arrivals pushed the totals up even as util...
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.