CME grain and soy complex futures traded both sides early during the overnight session, but they gradually drifted slightly lower as trading volume declined during the early morning hours. That weakness deepened during the first hours of the day session. Chicago and KC wheat prices dipped a nickel below Wednesday’s closes, corn prices slipped about 3 cents, and soybean prices were down as much as 9 cents at one point. However, prices across the board gradually recovered most of those losses. They finished the day still in the red, but the losses were mostly limited to 2 cents or less. Still, today was the first down day of 2018. Delivery intentions against January contracts included 300 lots of soymeal, 21 contracts of soybeans and, o...
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.