WPI's acreage estimate is based on the belief that the very wet conditions across the Delta will result in acres shifting back to soybeans from corn. The key to all early projections of the 2016-17 ending stocks is, of course, the yield estimate.Following up on WPI’s previews of the outlook for 2016-17 U.S. corn and wheat (see Ag Perspectives, 4 April and 5 April 2016), today is an initial peak at the year’s potential U.S. soybean situation.The table below presents the previous two years of USDA estimates and WPI’s guesses for 2016-17. Our acreage estimate is 1 million acres larger than USDA’s 31 March intentions. It is based on the belief that the very wet conditions across the Delta will result in acres shifting back to soybeans fro...
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.