Grain and soy markets trade on changing perceptions about inside (fundamental) and outside (macro) inputs, and seldom (if ever) do they all line up to push prices in the same direction. In mid-May, the number of those inputs is on the rise, but this has not improved the clarity of their potential influence on price direction for those futures markets. The inputs presently facing markets include the following: - Today’s financial markets have reacted with some turbulence to weakening T-bonds that have increased yields. Return on the 10-year note jumped to 3.06 percent, the highest since 2011 as the Commerce Dept. reported consumer spending ramped up in April. The U.S. Dollar Index climbed 70 points, although it has since fallen back s...
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.