General Comments Markets started very strong in the Sunday evening session and built on that momentum right through today's session. Note that the open outcry session now closes at 2 p.m. CT in conjunction with the electronic trade. Agricultural markets were all about weather today. Forecasts turned significantly warmer (hotter in some areas) and drier over the weekend. We could see temperatures in the 100s across the central Corn Belt this week with little rain. Corn closed up the 40-cent limit, and that limit will be 60 cents tomorrow. Soybeans backed off a bit on a noon forecast that appeared wetter in the extended models. Soy Complex FUTURES USDA announced the sale of another 120,000 MT of new crop soybeans to China this morning...
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.