World Perspectives
soy-oilseeds

WASDE Soybeans

Domestics U.S. soybean supply and use projections for 2022/23 are unchanged from last month.  USDA explained that due to their review of EPA's recent proposed rule for renewable fuel targets, soybean oil used for biofuel for 2022/23 is reduced 200 million pounds to 11.6 billion.  Soybean oil exports are also reduced due to slow export sales.  With reduced use of soybean oil for biofuel and exports, food use and ending stocks estimates were raised.  However, the estimated impacts on prices are modest: The U.S. season-average soybean price forecast is unchanged at $14.00 per bushel; The soybean oil price is reduced 1 cent per pound to 68 cents; The soybean meal price forecast is increased $10.00 to $410.00 per short ton...

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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.

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