Historically small wheat acreage should result in sharply reduced production, which would seem likely to help lower burdensome wheat supplies for 2017/18. However, the outlook for shrinking the U.S. wheat surplus may not be as good as one might think.USDA’s estimates of U.S. stocks of grains and soybeans as of 1 September will be released 30 September. Its quarterly stocks estimates are always important because they provide a measure of the rate at which available supplies are being used up. The estimated stocks of U.S. corn and soybeans as of 1 September have the added importance of being the preceding crop year’s ending stocks, the statistical anchor for supply/demand analyses for the new crop year.Although subject to less attention, USDA...
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.