General Comments On a day in which fresh news or market inputs were very limited to nonexistent, traders were forced to turn to South American weather forecasts for inspiration. The U.S. GFS model projects a return to normal rainfall over southern Brazil and Argentina in the seven- to 14-day time frame. However, the EU model shows a continuation of mainly dry conditions into the first week of February. Overnight the market chose to run with the GFS projection, which brought on more liquidation selling in the complex and across the board. Although a few scattered light rain showers are showing up today, they are not enough to represent a changing weather pattern. Of greater significance are the additional heavy rains forecast for northern...
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.