Markets crashed last Friday when the fund buying dried up, so the sharply higher trade this morning caught the market by surprise. What seems to be clear is that the serious money is no longer super bearish.Markets crashed last Friday when the fund buying dried up. Improved weather forecasts for Argentina and Brazil brought some additional follow-through selling last night, but the funds regrouped and were buying soybeans and corn again in style when this morning’s session opened. Last week the funds reduced their net short position in corn by about 50 percent. If the current buying pace continues, they will shift to net long soon. They continued to sell more wheat and expand their net short position in that commodity as well as increase th...
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.