We spent much of the last two days in a flat boat casting flies in hopes of finding red fish in the shallow grassy waters near the mouth of the Cape Fear River where they hang out, feasting on shrimp that are washed in by the high tide and washed back out as the tide recedes. We mention this only because it is an activity that allows the mind to wander to important subjects not related to fly fishing the flats, such as finding world peace, solving world hunger and what will markets be doing six or 12 months from now or longer. Being unable to come up with answers to these questions, we began to think about things that are topically current, if more mundane. With your indulgence, we will mention a few of them.
The price action of commo...
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 €...
