Soybeans Market Overview Last week was a strange one for the market. President Trump had threatened to raise duties on imports from China if there was no resolution to the U.S. trade war with that country by 28 February, but he postponed that deadline since negotiations were said to be progressing well. In fact, USDA Secretary Perdue announced that China agreed to buy 10 MMT of U.S. soybeans as a goodwill gesture. The market was at a standstill, awaiting greater detail regarding the positions related to that purchase and how this would affect the Brazilian market. However, China ended the week without buying any soybeans from either the U.S. or Brazil, leaving the market uncertain as to what will happen next. There were daily enquires fr...
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.