Soybean, soymeal and soyoil futures were mostly all sharply steady today. There was small selling pressure into the close, but that only dropped prices a penny or so in soybeans and 20 cents in meal. Soyoil rallied slightly to finish with marginal gains. General Comments Markets were steady overnight in quiet trade. Today’s trade was much the same, except that Chicago wheat traded 3-4 higher much of the session while the other wheat contracts along with corn and soybeans just hovered around unchanged. Volume today was below yesterday but better than average.The other or outside markets also didn’t see any excitement. Crude oil hovered around unchanged to slightly lower, and U.S. financial markets were modestly higher much of the session,...
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.