Markets were all higher overnight, led by the soy complex. Soybeans extended those gains to double-digits in the first 30-45 minutes of today’s session. Corn followed soybeans, while wheat couldn’t make a move. No significant relief to the dryness in Argentina coupled with a decent weekly export sales numbers drove the soybean and soymeal markets to good early gains. Outside markets were quiet. Crude oil gave back some money today, trading around $0.50/barrel lower most of the session. The U.S. dollar was just slightly firmer, but it is hovering around three-year lows. U.S. equity markets were mixed before rallying slightly on news that Senate Minority Leader Chuck Schumer (D-NY) was invited to the White House to talk about the...
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.