Equities markets reacted negatively to inflationary U.S. economic indictors and spread a risk-off mentality to commodities. The dollar rose in response to likely continued high interest rates, dampening export prospects. Soymeal and lean hogs were the only commodities to end in the green today. There is still too much supply relative to demand. USDA’s Export Sales report for last week was a little quirky. New wheat commitments for 2023/24 were at a marketing year low, but at least there were no washouts as some expected. Yet wheat sales for 2024/25 were almost as large as for the current crop. Some also expected washouts for soyoil, and while they were low, actual loadings at 1,800 MT were at a marketing year high...
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.