The corn numbers were the most supportive today, while soybean futures rallied to as much as 20 cents higher following the WASDE release before dipping to single-digit gains during the last half of the session. General Comments Markets were firm overnight in anticipation of a positive USDA WASDE report (reviewed in a separate analysis) and perceived good news on the EU negotiations with Greece. World financial markets were very strong with U.S. equities up more than 1 percent today. Crude oil and the U.S. dollar were both weaker. We go home for another weekend with no resolution to the Greece problem despite today's optimism. China's markets had their biggest two day gains since 2008, which also created some hope that the government...
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.