Russian Grain Markets: 27 March – 2 April 2013 The intervention fund put up 64,950 MT of grain for exchange trading on 27 March and 64,903 MT of grain on 2 April.Since the beginning of the public grain interventions in 2012, the State Intervention Fund has sold 2.604 MMT of grains for total amount of RUR 21.998 billion. Winter Crop Condition Sprouts of grain crops were damaged on 1.3-1.6 million hectares (8-10 percent), according to Roshydromet (the Federal Service for Hydrometeorology and Environmental Monitoring). Last year at this time, grain crops were damaged on 1.9 million hectares. Market Trends: 25-29 March 2013 GEOGRAPHICALLY: 3rd grade soft milling wheat prices continued to decrease in Siberia (-$15/MT), Central, the South...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
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.