Wheat: Net sales of 621,700 metric tons for delivery in the 2018/2019 marketing year were reported for Mexico (156,600 MT, including decreases of 13,100 MT), South Korea (127,500 MT), the Philippines (85,900 MT, including decreases of 2,200 MT), Malaysia (62,400 MT, including decreases of 900 MT), and Egypt (55,000 MT). Reductions were primarily for unknown destinations (62,700 MT) and Japan (6,200 MT). For 2019/2020, net sales of 205,000 MT were primarily for unknown destinations (70,000 MT), Nigeria (48,000 MT), and the Philippines (45,000 MT). Exports of 621,200 MT were reported for the Philippines (142,900 MT), Mexico (97,000 MT), Indonesia (54,700 MT), Nigeria (47,700 MT), and Chile (46,700 MT). &nb...
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.