General Comments Markets opened higher Sunday evening led by 6- to 8-cent gains in soybeans. The Sunday afternoon weather was slightly warmer and drier for southern Brazil and Argentina than Friday's outlook, but there is still no consensus among the various weather models. One model continues to try to add a better chance for some rains in the extended outlook, while the other major model does not. Soybean futures vacillated back and forth the remainder of the night and through this morning on light volume. Corn was actually steady to higher much of the session and led a late charge to finish 8-9 cents higher, while wheat futures were slightly lower to unchanged. There was no real conviction among sellers or buyers until corn surged i...
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.