General Comments Markets started the week with steep losses in corn. That was expected after the limit-down close last Thursday on the heels of the spectacularly bearish USDA corn stocks number. The corn stocks number was a whopping (and inexplicable) 400 million bushels (almost 11 MMT) above the average trade guess and spelled disaster to corn bulls. It also probably means the bull corn market of 2012/13 is officially dead. Wheat and soybean futures did not suffer as much pain today as corn, but they were all lower as well.Europe was on holiday today so there might still be more residual selling or liquidation when they come back to work Tuesday. China's markets are closed Thursday and Friday.Outside markets were mixed today. Crude oi...
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...
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 €...
Key Takeaways: The tariff burden rose sharply in 2025 and 2026: the effective rate on imports in HTS Chapters 1–24 increased from 1.53 percent in 2024 to 6.11 percent in 2025, before averaging 5.68 percent in January–August 2026. Headline rates tell only part of the story: exemptio...
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.