General Comments Without the drag from the general downdraft from outside financial markets and commodity prices as seen yesterday, it was "Turnaround Tuesday" for grains and the soy complex today. Prices rebounded across the board, led by old crop soybean and corn contracts. Many commodity markets closed higher today after yesterday's declines, but the bounce in grain and soy values outshone most other commodity markets. The Dow regained 158 of the 265 points it lost yesterday. Gold's recovery was comparatively weak, with that market able to pick up only $26 versus its $140 loss yesterday. The dollar was weaker.Crude oil was a dragging anchor. NYMEX WTI crude fell close to $86 during today's session before a late rally brought the marke...
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.