General Comments Markets opened much stronger than expected Sunday afternoon and continued to maintain that strength through the night and into today. Corn was trading 20 higher and soybeans were 35-40 higher with little variation throughout the session. Wheat wasn't nearly as strong as corn and soybeans. It was all about weather. Weekend rains again were not as widespread or as heavy as some had expected. There were a few areas that did get decent rain, but those areas were very few and far between. Less than 20 percent of the Corn Belt received any precipitation. Extended weather forecasts have again turned warmer and drier. Temperatures will not be as hot as they were during the past two weeks, but they will still be above normal. T...
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.