Reports of very high soybean yields across the Midwest continue. However, it also is clear that many farmers saw substantial losses this year because of a problem that is worse when there is a cool, wet spring. Brazil Agency Forecasts Larger Soy Crop in 2017 Brazil’s crop supply agency Conab today forecast that country’s 2017 soybean production will increase to 101.9-104 MMT with better weather versus the drought-impacted 2016 crop of 95.4 MMT. It expects the planted area planted to rise 0.6-2.7 percent and yields to be 6.1 percent higher.Most analysts are predicting that the expansion in soybean plantings will be less than in past years because of the poor profitability outlook for that crop and greater incentives to plant corn. The high...
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.