Dry weather across Australia and Canada continues to support wheat prices while uncertainty about NAFTA/U.S.-China trade terms pulled corn and soybeans lower. Today’s trade started higher in the overnight session with soybeans up roughly 5 cents, wheat up 8-9 cents, and corn reluctantly following 2 cents higher. The day session saw corn and soybean prices break lower early, stabilize, and then succumb to late-day selling pressure. The afternoon selloff may be attributable to President Trump’s statement that China has become “very spoiled” on trade. Trump went on further to say the United States has been “ripped off” by China on trade. This was the exact opposite of what the market wanted to hear fo...
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.