Grain trading was mixed and moderate volume today with little fundamental news to shape the market’s direction. The weather is cold and rainy across the Corn Belt and is further delaying corn and soybean planting. Rain prospects for the U.S. plains are reduced which supported wheat markets today. Livestock futures were higher in slow trade as their recovery continues at a slow pace. Outside markets are higher with the Dow Jones and S&P 500 up over 1 percent each while the U.S. dollar index is steady in mixed trade. Gold futures are down slightly while WTI crude oil is up$0.31/barrel and Brent crude is $0.14/barrel higher. Corn May corn finished the day down 2 ¼ cents in lackluster trading with little fundamen...
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.