Demand for U.S. corn appears threatened by the Chinese rejections of corn shipments containing the not yet approved MIR162 GM event. Traders fear the volume of rejections will soon escalate. General Comments Trading overnight featured lower prices and moderate volume, but it did not quite prepare the market for the avalanche of selling that dominated the day session. Nor was today's weekly export sales report a harbinger of what was coming either. Last week's corn sales were about as expected, totaling 804,800 MT of which 695,400 MT were old crop. Soybean sales reached 1.5225 MMT including 1.1086 MMT of old crop, double what the trade had expected. Wheat sales of 382,900 MT were disappointing, but, in any case, pre-report expectations for...
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 €...
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.