While farmers may have a positive view of the Indian government’s action on Tuesday that reduced the royalty Monsanto can charge for planting its patented biotech Bt cotton, this will likely prove to be very negative for them in the future. USDA Raises U.S. Soy Ending Stocks on Smaller Domestic Crush USDA made relatively few changes in its supply/demand forecast for soybeans in yesterday’s WASDE report. However, it did raise its estimate for 31 August 2016 U.S. soybean ending stocks by 10 million bushels to 460 million bushels, which was a result of its reduction in the 2015/16 U.S. crush estimate by the same amount. USDA indicated the crush was lowered due to its decreasing the domestic soymeal demand forecast by 200,000 ST to 33.3 milli...
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.