General Comments Markets were slightly easier in quiet trade again last night. Soybeans were trading 3-4 cents higher today, but corn and wheat mostly traded lower because of the strong U.S. dollar. Its strength was helped by the EU’s decision to continue its policy of economic stimulus with resulting low interest rates as well as the fact that third quarter U.S. gross domestic product (GDP) was unexpectedly high at 3 percent. The thought is that that will (again) make the corn and wheat export markets tougher. USDA announced the sale of 238,000 MT of soybeans to China and 132,000 MT of corn to Spain this morning. U.S. equity markets were again strong on the better GDP number plus big profits in the tech sector. Crude oil was also...
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.