General Comments The grain and oilseed markets continue to repeat the daily pattern we have seen since the fund liquidation started at the tail end of 2012. Prices were again firm overnight with soybeans trading as much as 9 cents higher, but the closer we got to daylight the weaker the markets got, and soybeans did a total collapse again after the open outcry session started trading at 9:30. The USDA's weekly export sales report did not contain any surprises. The sales numbers were small, as expected over the Christmas week. The market's early losses might have been in anticipation of another bearish round of production estimates from Informa. They obliged and raised their U.S. corn production estimate 75 million bushels and their soybe...
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.