General Comments It was more of the same -- "down and dirty" grain and soy markets. Yesterday's steep declines set up bearish technical signals that no doubt tightened up many sell stop orders from holders of long positions. Long liquidation dominated overnight trade, and it was again the feature of today's market. Funds were again heavy sellers of the soy complex, corn, and wheat. Once again it was the soy complex leading the way, followed by wheat with corn dragging behind. Soybeans lost more than 50 cents once again, soymeal was down $16 and soyoil fell over 2 cents per lb. New crop corn contracts dropped a much more modest 5-7 cents. The September contract sank 24 cents, however, and the September/December inverse has collapsed and i...
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.