Grains are higher while the soy complex is under pressure. After yesterday’s fireworks in the soybean pit, the weather situation is failing to develop as bullishly as expected, sending soybeans and associated products lower. Conversely, the weather in the U.S. wheat-growing regions is deteriorating, pushing traders to add a risk premium to prices. Corn markets were unimpressively higher again. Outside markets are mixed today with news that the Libyan pipeline should be up and running again next week pressuring crude oil prices. The S&P and Dow are each slightly higher as of 3 PM EST today while the VIX index posted some mild gains as well. The U.S. dollar is under pressure, down 28 points at 93.016, while January gold is up...
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.