China's Ministry of Commerce today raised its forecast for the country's April soybean imports. However, the recent defaults on soybean imports and rumors of more to come may result in fewer numbers. China to Import 6.9 MMT of Soybeans in April, Many Rumors China's Ministry of Commerce today raised its forecast for the country's April soybean imports from 5.11 MMT to 6.9 MMT. At the same time, it reduced its estimate of March soybean imports from 5.69 MMT to 4.12 MMT. The ministry is now forecasting April imports of soyoil at 42,000 MT, palm oil at 330,100 MT, rapeseed at 386,400 MT and rapeseed oil at 89,300 MT.One wonders whether all of the 6.9 MMT of soybeans forecasted for import in April will actually be transacted. The recent defaul...
Key Takeaways: Milk alone has not covered the full economic cost in any year since 2021: milk revenue fell short by $4.50, $2.15, $6.50, $1.27 and $2.34 per hundredweight in 2021 through 2025. Calf and cattle prices decided whether dairies cleared cost: cattle and other income lifted total rev...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
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.