General Comments Futures markets opened at 10:30 ET this morning for the first time since the Christmas holiday, but judging from today's very light trading volume, the holiday is continuing for many traders. As a result of the light volume, it did not take many orders to move prices, and most of today's orders seemed to be sell orders. An opening attempt at a rally quickly faded as non-commercial selling took over. Funds of various types including technical traders continued the same selling pressure that dominated pre-holiday trade. Liquidation was the game today, and no doubt some managed money pools are now short the grains if not the soy complex. The market's technical profile remains weak, and this continues to entice selling by te...
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.