Wheat: Net sales of 435,300 metric tons for 2018/2019 were down 34 percent from the previous week and 8 percent from the prior 4-week average Corn: Net sales of 1,431,000 MT for 2018/2019 were reported for Mexico (527,400 MT), Canada (199,700 MT, including decreases of 400 MT), Peru (184,900 MT, including 125,000 MT switched from unknown destinations and decreases of 6,400 MT), Japan (173,900 MT, including 73,100 MT switched from unknown destinations and decreases of 3,000 MT), and South Korea (136,100 MT, including decreases of 1,300 MT). Soybeans: Net sales of 1,521,200 MT for 2018/2019 were reported for Mexico (730,400 MT, including decreases of 400 MT), unknown destinations (274,000 MT...
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.