General Comments Note: Grain and soy futures markets will be closed tomorrow, Friday, 6 April, for the Easter holiday as will most financial markets (and WPI). The U.S. government will be open.Markets faced a variety of inputs today. Dalian futures reopened after the Chinese holiday with soybeans, soy products and corn rushing to catch up to the gains posted by Chicago markets during China's time off. Malaysian palm oil prices continue to rally with the May contract close to a 13-month high.U.S. unemployment claims hit a four-month low. The Labor Department's jobs report will be out tomorrow, with unemployment expected to remain unchanged at 8.3 percent. The dollar moved higher again versus the euro as the interest rate on Spanish notes...
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.