On 30 June, the new season of USDA reports gets well underway. USDA may have a longer history of reporting on world agriculture than any other entity, and each report has its own audience.On 30 June, USDA will release its June survey of how much land was planted to major U.S. field crops as well as its estimates of U.S. grain and soybean supplies as of 1 June. At that point, the new season of USDA reports gets well underway with next month’s WASDE scheduled for 12 July. Actually, the new season can be said to begin with USDA’s first real new crop U.S. and world supply/demand projections in the May WASDE. However, it becomes more serious and specific with the June acreage report, WASDE’s small grain production estimates in July and the first...
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.