Markets started the Sunday evening session steady to slightly easier. Selling did gain some momentum in the soy complex, and soybean futures eventually traded 6-7 cents lower. The market’s perception is that the extended weather forecasts (11-14 days out) show the possibility of increased precipitation across Argentina and southern Brazil. It’s an early weather market, and that makes for a nervous market. Wheat and corn can’t trade higher without help from soybeans. The December WASDE will be released tomorrow (expectations are discussed in today’s analysis). It’s been so long since USDA issued a bullish report that no one is willing to bet on one tomorrow. Funds started this week still short more than 130,00...
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.