General Comments Overnight trade in grain and soy futures found soybeans enjoying support from more non-commercial buying while grains traded in mixed fashion. Grain and soy markets are due for a pause and some adjustment from this week's sharp rally. The overnight pattern set the tone for daytime trading. Some profit taking was evident, but without a significant change in the weather outlook, traders will be very cautious. Trading volume was noticeably lighter than the past two days but still remained in the moderate range. Trader caution was clearly evident when a lack of sellers allowed nearly all grain and soy contracts to close the day session with green numbers. Markets remain technically bullish. Markets will soon be due for some...
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.