Weekend election news sent outside markets sharply higher while fund buying boosted the soy complex. Corn and wheat markets were softer despite large volumes being traded. General Comments It’s the eve of the U.S. presidential election and the weekend news that the FBI couldn’t find enough to indict Clinton spurred U.S. financial markets to big gains. That same news also pushed the dollar to a very strong session and crude oil was back up over $44 per barrel.The USDA will release their November production updates and supply and demand revisions on Wednesday morning. No one expects any “market changing” numbers in those reports and it is more likely the election results will be the trading topic Wednesday, not the USDA reports.The soy comp...
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.