Dry Weather Reducing India’s Oilseed Production There were expectations earlier this year that India would produce a significantly larger oilseed crop. However, poor rainfall late in the growing season has made it clear that production of soybeans, peanuts and other crops will be lower than projected. The country’s Solvent Extractors Association (SEA) is now forecasting India’s peanut (groundnut) crop will total about 3.735 MMT at most, down 29 percent from 5.275 MMT last year. USDA is currently forecasting the crop at 4.7 MMT but will likely reduce that number in November. India’s soybean production for this year is now estimated at 9.5 MMT, down from earlier forecasts of 10.5 MMT. It has been particularly impact...
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.