General Comments The Greek election verified that Greece does want to remain in the eurozone. The problem is there was no clear majority, and attempts to form a coalition government today were not successful. Sunday evening financial and energy markets were strong in Asia and the dollar was losing ground to the euro. Commodity markets were also strong. Europe also opened strong, but that strength was very short-lived as worries quickly turned to Spain, etc. Markets were expecting a super move up or down depending on the Greek election and instead got stable, but very cautious, markets. That should not have been a surprise given how many false starts we've had over assumptions the eurozone was moving closer to a lasting resolution to at...
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.