While most years are eventful for the world soybean sector, it seems that 2016 was even more so than usual. A Most Eventful Year for the Soybean Sector As the major crop with the fastest rate of growth in production and consumption along with a substantial volume of exports, soybeans are heavily impacted by the vagaries of weather, politics and the global economy. While most years are eventful for the world soybean sector, it seems that 2016 was even more so than usual.The year began with Argentina’s new president, Mauricio Macri, executing his promises to eliminate the export tax on corn, wheat and sunflowers and also reduce that on soybeans from 35 to 30 percent. His action made the former three crops substantially more competitive for...
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.