Soybeans Argentina After several weeks of rising basis in Brazil, the market there started dropping gradually last week. Firmer CME and a drop in Dalian futures for meal halted demand from Chinese crushers. As a result, some exporters began to show their offers on both FOB and CNF markets. More volume was traded FOB than CNF last week, a rare occurrence in past years as the former has always had less liquidity. Nevertheless, the tightness of freight, especially in spot, has brought some attraction to trading FOB. It is difficult to even get vessels on nearby positions, so some traders without strong freight departments prefer to offer the positions FOB. Another characteristic of the current situation is that the slots traded FOB a...
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.