In contrast to yesterday’s enthusiasm, today’s markets were lower in quiet trade. There was little tradeable new information today, with the markets digesting forecasts of cool, rainy Midwest weather and Russia’s odd news of possible export slowdowns. Wall Street is higher as of this writing with the Dow reaching a new intraday and lurching closer towards the 27,000 mark. The U.S. dollar is slightly higher after the Institute for Supply Management said its nonmanufacturing index rose in September. Also encouraging dollar bulls was the new trade deal with Canada and Mexico. Crude oil settled higher on continued concerns about supplies amid the Iranian sections. Sanctions worries outweighed the EIA’s data showin...
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.