USDA's projections for world corn production and consumption in 2016/17 are similar in pattern to those for 2015/16. However, there is a wild card in that global outlook.The corn market has been overshadowed by the soybean and soymeal markets in recent weeks as the buildup of speculative long-side interest in those two commodities has received the headlines. Concern over Argentine soybean production and quality gave some reason for a rally in soybean futures that pushed CME soybean open interest to record levels. Commercial buying supported CME soymeal, and this was augmented by surging speculative interest in the soymeal contract at China’s Dalian Exchange where some almost unbelievable volume records have been set. Yet, the CME corn futur...
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.