General Comments USDA and other government offices were closed today as the Washington, DC metro area was forecast to get 6-10 inches of snow. This probably will shift the weekly Export Sales report to Friday. As far as we know, the March WASDE will not be delayed and is still slated for 12 p.m. ET on Friday. The March WASDE is normally not a big market mover since the quarterly 1 March stocks report is due at the end of the month. Any major adjustments suggested by the stocks numbers will be made in the April WASDE. However, prospects for tight supplies of U.S. corn and soybeans this year will ensure that Friday's March WASDE will be combed through thoroughly. And in fact, there are a few potential supply and demand adjustments that USD...
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.