China’s Soybean Imports Data released today by China’s General Administration of Customs indicates the country’s U.S. soybean imports totaled 4.662 MMT last month, down 17 percent from 5.62 MMT in November 2016. However, the total for January-November was 26,666,126 MT, 2.33 percent more than during the same 11 months last year. Brazil has been the greatest beneficiary of China’s rising soybean imports this year with a total 48,986,831 MT shipped there during January-November, up 29.3 percent versus the same period in 2016. China imported 2,760,485 MT last month, 281 percent more than in November 2016. That was the largest increase of Brazilian soybeans in November, which was the main cause of the sharp decline in...
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.