Overnight markets finished with slight losses in corn and wheat but minor gains in soybeans on very light trading volume. Today’s session saw wheat make some 4-5 cent gains early with corn and soybeans lower. There was a report that President Trump and President Jinping will try to meet just before the G-20 meeting in Buenos Aeries scheduled for late November. Meanwhile, USDA also announced the cancellation of soybeans sales of 180,000 MT to China and 120,000 MT to “unknown.” Weather across the U.S. Corn Belt continues to generally look good for corn and soybean harvests. Western Europe and most of the Black Sea remain very dry, though, which will start impacting winter wheat acreage and yield potential. U.S. equity mark...
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.