General Comments Today’s Halloween market action cannot be described as being very scary, although Chicago and KC winter wheat contracts did fall to new contract lows. This weighed enough on corn to help take that market down about 3 cents even though the pace of the corn harvest is far behind average at 54 percent done. Meanwhile, soybean futures prices struggled hard to swim upstream but closed about unchanged. Soymeal closed down slightly, and soyoil gained a few points. Weakness in the grains with soybeans trading relatively stronger is a pattern we have seen rather frequently in recent weeks, and it is one that funds encourage since they are short the grains but long soybeans. In today’s environment, they ought to consider...
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.