Chinese Back to Buying U.S. Soybeans, May Buy Large Amount for Reserves USDA announced a total of 470,000 MT of soybeans has been sold to a Chinese buyer for 2019/20 shipment in the last two days. The buyer is reported to be COFCO, a state-owned company. Reports indicate the sales are expected to be shipped to China beginning in July. It is possible additional sales of soybeans to China will be announced tomorrow. Reuters has reported China intends to purchase corn, cotton soybeans and soyoil in the future to restock its reserves. The amounts mentioned were 20 MMT of corn, 10 MMT of soybeans, 1 MMT each of cotton and sugar and 2 MMT of soyoil. However, those amounts have not been confirmed. It is likely a large share of the corn and soybe...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
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...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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.