Datagro Forecasts Brazilian Soy Crop at 113 MMT The Brazilian firm Datagro today raised its forecast for Brazil’s 2019 soybean crop from 112.1 MMT to 13 MMT. In doing so, it followed the lead of other analytical firms that have increased their estimates based on recent harvest results. Datagro now estimates Brazil will export 68.5 MMT of soybeans in its current marketing year, down from 84.45 MMT in the previous marketing year. Growing EU Poultry Meat Production and Soymeal Demand The EU’s expanding poultry sector must now be a growing user of soymeal. According to Eurostat, the EU’s production of poultry meat rose to 15.2 MMT in 2018, a new high and up approximately 3.2 MMT since 2010. Meanwhile, USDA estimates...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.