Empty Wheat Deal The new USMCA requires that both Canada and the U.S. give imported wheat no less favorable treatment than is accorded domestic production. Currently, Canada denies wheat from the U.S. any grading level, which forces it to be sold at no better than feed grain value. Meanwhile, Canada ships 125-150 million bushels of spring wheat and durum to the U.S. unimpeded by any similar market restriction. But the U.S. doesn’t produce the same varieties as Canada, and that country’s wheat growers are saying it is unclear that the grain varieties registered for grading by Ottawa will be expanded to include American-style wheat. When Less is More The U.S. poultry industry is mostly pleased with the outcome of the ne...
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.