Grains and the soy complex were mixed in the overnight session with soy lower and grains firmer. The volume of overnight trade was good with 19,000 March corn contract traded and 17,000 contracts of March soybeans and almost 7,000 contracts of March Chicago wheat. The day session, however, featured predominantly higher prices with grains and the entire soy complex finishing in the green for the day. In the livestock complex, only feeder cattle lost ground and live cattle and lean hogs finished with solid gains. Grains gains were largely attributed to tightening in global corn supplies (not that supplies are “tight”, just tighter than was thought yesterday) while the soy complex was higher largely on sympathy buying. ...
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.