The soy complex started firm overnight on the warmer, drier weather forecasts, and Minneapolis wheat futures continued to charge ahead last night and today. General Comments Markets closed at 1 PM (EDT) today for the July 4th holiday in the U.S. and will not open again until 9:30 AM (EDT) Wednesday. That is also the day the weekly crop ratings will be released.USDA announced several daily export sales this morning, which included sales of corn and soymeal for MY 2017/18 and MY 2018/19. It also announced the sale of 70,000 MT of hard red winter wheat and 70,000 MT of soft white wheat to unknown.Today’s markets were again all about weather. The first map below shows precipitation over the last 24 hours, which was less than expected. The six...
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.