Overnight trading in grain and soy futures found prices generally lower amid what can best be described as a lack of interest. That interest did not accelerate much during the day session as grains and the soy complex were not really influenced by the nuances of today's Fed’s statement. General Comments The U.S. Federal Reserve Bank’s Federal Open Market Committee (FOMC) ended its March meeting this afternoon, and as was fully expected, it left its interest rate unchanged. However, the statement accompanying that decision struck many analysts as being more “dovish” than anticipated. It acknowledged improvement in the U.S. labor market and other economic activity, but the statement also cited continuing headwinds from the sluggish global e...
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.