There was a 20-cent decline in Argentine corn premiums during the past week as they moved down from the high 40s to the high 20s. This price drop is an effort to attract demand, but recent devaluation of the real has kept Brazilian origin competitive. Soybeans Demand for South American soybeans picked up this past week, although originating inventory from Brazil is more difficult due to the port strike in Rio Grande and the stout domestic demand from crushers in Matto Grosso. It should be noted that the recent export demand is primarily in the spot market, and that is creating somewhat of an inverse in pricing. This seems to have primarily occurred because the Chinese purchased less from Brazil than they actually needed for August-Septemb...
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.