General Comments The overnight session was dull; prices were mixed and the market lacked any enthusiasm for moving up or down. The only news, which was not really new, concerned South American weather. Forecasts for southern Brazil and Argentina lack any significant rainfall through mid-February. In fact, they lack any rain at all in the outlook, which also calls for periods of above-normal temperatures. If realized, soil moisture would rapidly disappear at just the time when some of the crops in the region need it the most. We caution (again) that it is risky to put a lot of faith in weather model projections 10-14 days out, but this is what the market sees and trades on.Today it has been a tale of two markets. Grains have been weaker o...
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.