Markets were mixed in relatively quiet trade overnight, and it was a low volume day with little in the way of fresh news to end the week. KC and Chicago wheat had light selling pressure again today, while the late surge in soybean futures had an effect on the corn market. General Comments Markets were mixed in relatively quiet trade overnight and through much of today. Corn and wheat spent most of the day session unchanged to lower. Soybeans and soymeal were stronger, and soyoil was steady. There was no change in the forecast for Argentina. Some of the dry areas will receive rain this weekend, but the questions coming back Sunday will pertain to where and how much fell plus what is in the extended forecast.Crude oil was firmer today and t...
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.