USDA released its April 2016 WASDE today. If anything, the report carried a slightly bearish tone. Despite this, markets traded strongly higher today, both before and after the report’s release on considerations that had little to do with it.USDA released its April 2016 WASDE today, and the changes made were generally small and about as expected. Nevertheless, every WASDE is important. USDA’s monthly estimates of crop production along with supply/demand estimates for the U.S. and the world as a whole as well as for important producing and consuming countries within world totals are unique. Knowledgeable observers are aware that these supply/demand estimates are moving targets subject to a wide variety of ever-changing factors, but they also...
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.