- Today is WASDE day with USDA’s release of this month’s edition. The April WASDE is normally uneventful with South American crop production levels largely narrowed down to within a couple of MMT of the final numbers. Domestic and world demand trends have been established, and with export offers priced well out into summer, trade flow patterns can be predicted. It is in the May WASDE that USDA takes its first shot at estimated 2019/20 supply/demand balances, which will be eagerly anticipated. - China remains the wild card. If/when a trade agreement is finalized with the U.S., China may commit to buying quantities of U.S. grain and soybeans that do not logically fit into current and expected price/trade patterns. Moreover, the i...
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.