One of the numbers that will be released in the 12 January USDA reports will be the estimate of winter wheat plantings. Those and spring-planted wheat acres in the U.S. have all been crashing lower for several years. This decline is the result of the following: • Low prices and poor returns per acre for hard red and soft red winter wheat • Two consecutive years of low protein hard red winter wheat crops with less than desirable milling quality • Lack of any GM wheat varieties today or in the foreseeable future • Increasing expansion of corn and soybean acreage into historically strong wheat production regions • Much better projected returns for cotton in 2018 across the southern Plains The move away from wheat...
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.