Any negative economic news about China sends shivers throughout markets around the world, and its PMI falling to a three-year low was no exception. General Comments China's Purchasing Mangers' Index (PMI), a measure of manufacturing activity, fell to a three-year low, indicating that the Chinese economy is slowing at a faster rate than previously thought. Any negative economic news about that country sends shivers throughout markets around the world, and this was no exception. Asian and European stocks fell as did U.S. stock markets. The Dow closed down 469 points or nearly 3 percent. It was the Dow's third-worst day of 2015, all of which have occurred in the past two weeks of hyper-volatility. Many commodity markets were pummeled as well...
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.