Dec 18 Corn closed at $3.695/bushel, up $0.025 from yesterday's close. Dec 18 Wheat closed at $5.08/bushel, down $0.0675 from yesterday's close. Nov 18 Soybeans closed at $8.585/bushel, up $0.0175 from yesterday's close. Dec 18 Soymeal closed at $312.8/short ton, down $0.3 from yesterday's close. Dec 18 Soyoil closed at 29.15 cents/lb up 0.01 cents from yesterday's close. Dec 18 Live Cattle closed at $118.075/cwt up $1.3 from yesterday's close. Jan 19 Feeder Cattle closed at $151.725/cwt up $2.975 from yesterday's close. Dec 18 Lean Hogs closed at $53.175/cwt up $1.575 from yesterday's close. Dec 18 WTI Crude Oil closed at $69.36/barrel up $0.08 from yesterday's close. ...
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.