General Comments Markets were mixed overnight in relatively light volume. Trading volume in the last hour today was pathetically small. Yesterday's late reversal in price direction did bring a few buyers back to the market last night. Soybeans are in the preliminary stages of a possible weather market. It has been a long warm and dry period in Argentina and southern Brazil, and the various weather models are in disagreement over the longer-term outlook. Today's USDA Export Sales report numbers show smaller-than-expected old crop soybean sales of 383,000 MT but good new crop sales at 595,000 MT. Wheat export sales were good at 572,000 MT, while corn still struggles at just 138,000 MT.There was little other news today. Financial markets we...
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.