Overnight trade was lackluster, both in terms of volume and price action. Wheat and corn prices edged lower, while soybeans firmed slightly. Similar trends carried over into the day session with one exception. General Comments Overnight trade was lackluster, both in terms of volume and price action. Wheat and corn prices edged lower, while soybeans firmed slightly. Similar trends carried over into the day session, except that soybeans also turned lower by mid-session to join wheat and corn. Not even big weekly soybean export sales or USDA's additional daily sales report of 110,000 MT sold to China plus 773,400 MT sold to unknown could keep soybean prices from seeing red. Finally, the pace of new crop soybean export sales has begun to pick...
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.