General Comments Markets were generally firm overnight with soybeans showing more strength than corn or wheat. That changed about the time the U.S. came to work, and soybeans went from trading 3-4 cents higher to trading 3-4 cents lower. There was no special market-making news overnight. China's fourth quarter came in better than expected at 7.9 percent compared to 7.4 percent in the previous quarter, and December retail sales were up 15 percent. China's economy appears to be on the move again.Monday is a holiday in the U.S. and markets will not re-open until 7 p.m. CT Monday evening. This also will be a weather weekend; eyes are turned to Argentina and southern Brazil, where it has been very warm and dry. The map below shows the seven-d...
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.