Reports out of Brazil indicate farmers' sales of new crop soybeans this year far exceed those of a year ago because of their perceptions regarding the U.S. dollar versus the real. Chinese Importers Agree to Purchase 13.18 MMT of Soybeans Chinese soybean crushers, including major companies such as COFCO, Sinograin and the Sunrise Group, signed 24 agreements with American exporters in Des Moines, Iowa today for the purchase of 13.18 MMT of U.S. soybeans. Most of the agreements were for shipment in 2015/16, but others were for 2016/17. While there were some firm sales in the deals, many were frame contracts with the terms to be worked out later. It is likely some of the confirmed sales will be announced tomorrow by USDA.The announced purchas...
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.