Low volume, narrow trading ranges and slightly firmer prices characterized trade in the overnight session for grains and the soy complex. The heavy rains due over the Plains and parts of the Corn Belt will restrict harvest progress with country movement already limited enough that corn premiums are rising, and even the historically low cash soybean basis levels have firmed a bit. Light volume and narrow ranges carried over into the day session with little new to trade on. Weekly export sales were strong for corn, soybeans and meal but just routine for wheat. The Russian situation remains unclear with some government sources now denying that they are shutting down interior grain-loading facilities. Rumors followed by denials has been the pa...
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.