USDA will release its first estimate of U.S. winter wheat production on 10 May, but this week’s Kansas crop quality tour will provide a reasonable idea of what to expect.The Kansas crop quality tour will take place this week. The odds are high that participants will find the wheat crop at least as big as last year’s and likely somewhat larger. This will probably be true for the entire U.S. hard red winter wheat crop as well. That might be surprising to some since the entire U.S. winter wheat planted acreage is projected to drop 8 percent from last year, according to USDA’s 31 March acreage estimate. Hard red winter wheat and soft red winter wheat plantings are estimated to be down 3.2 million acres and 400,000 acres, respectively. In additi...
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.