Soy Export Sales Highlights The week ending 2 April had to be a disappointing one for exporters of U.S. soybeans and soyoil, but not so much for soymeal. The best news was more sales of soybeans to China. Net soybean export sales for 2019/20 shipment totaled 523,500 MT. That was down by 45 percent from the previous week and 25 percent below the past four-week average. The top sales were for China (143,500 MT), Mexico (102,700 MT), Egypt (91,800 MT), Japan (61,900 MT) and South Korea (26,300 MT). Exporters also reported selling 353,400 MT of soybeans for shipment in 2020/21. The top destinations were Mexico (285,000 MT), China (66,000 MT), and Japan (2,400 MT). Soybean exports last week totaled 362,000 MT, a marketing year low. The top des...
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.