General Comments There was a reasonable volume of trade in grains and the complex overnight, and prices traded both sides. Soybeans were the strongest followed by wheat, and corn tagged along with mostly red numbers. The day session was influenced by the weekly Export Sales report from USDA FAS. Soybean sales were huge, well above expectations. Soy product sales volume was also quite large as testimony to the intense demand the soy complex must deal with. Wheat sales were larger than in recent weeks, but still unimpressive, and corn sales disappointed again.Perceptions drawn from the weekly sales report were reflected by the price action of today's market. Early strength of soybeans actually pulled corn into the green for a while before...
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.