While the October 2016 WASDE contained no fundamental surprises, it did not lack for items of interest.As noted yesterday, the October 2016 WASDE contained no fundamental surprises. This is mainly because private crop scouts and analysts did a very good job of assessing yield and production prospects, and the consensus of their conclusions prior to the report proved to be very close to those of USDA/NASS analysts. Thus, the report was unusually dull in a market sense - if USDA corn and soybean yield and production estimates in the midst of harvest can be said to be dull. Put another way, there was nothing in the October WASDE that is likely to jar corn, soy and wheat futures markets out of their months-long trading ranges in the short term...
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.