Except for nearby hog futures, the CBOT/CME was essentially pure red today with grains and cattle futures falling. The stock market’s volatility and investor “flight to safety” have pushed the U.S. dollar higher (along with other factors), which is dampening U.S. export prospects. Additionally, President Trump is calling for the final round of tariffs on more goods imported from China, which at this point would be everything. To avoid this, Presidents Trump and Xi are set to meet in November for more discussions. Market sentiment is hardly optimistic that the meeting (or the tariffs, for that matter) will resolve the current trade war. Wall Street finished the day sharply higher on the back of a volatile day...
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.