It's difficult to not worry about demand for agricultural commodities when concerned about China's economy. The country has accounted for 65 percent of the world's total soybean exports in the current marketing year.Today's markets (grains, oilseeds, financial, energy, etc.) seemed to be reacting to the overnight meltdown in China's financial market, which was down more than 8 percent and suffered the largest one-day loss since 2007. Despite that, China's market is still up 15 percent for the year but 28 percent off its high. That is quite a ride and almost like soybeans. Now that we have again put Greece on the back burner, it's time to worry about China's growth or lack thereof. Everything took a beating today. Corn and soybeans were shar...
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.