Higher PNW Soybean Export Inspections One of the greatest impacts of China’s additional 25 percent tariff on U.S. soybeans has been the loss of those exports via ports in the Pacific Northwest (PNW). In MY 2016/17, well over 95 percent of the 14.5 MMT shipped to that country from the U.S. originated from there. The subsequent huge decline has had a major effect on demand for soybeans from the Dakotas, Nebraska, western Iowa and Minnesota, and farmers throughout the region are having major problems this year finding storage for their production. Yesterday’s weekly USDA export grain inspection report indicated a pickup last week in the volume of soybeans inspected for export from the PNW. At a total 325,323 MT, the top destinati...
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.