Wheat Old crop wheat in Argentina is almost gone. With only a few sellers left who still have export licenses and not many more to be released, sellers are not in a hurry to part ways with their wheat. The late rally in Chicago and Kansas caused traders to withhold offers for a few days while they waited to see further developments in the outside markets. After the rally, some offers appeared at higher prices. Traders are willing to sell at $265/MT or near that for July or 15 July – 15 August shipments of 12 percent protein while buyers are at $260/MT. Some trades were made in the $260s. This compares to Uruguayan wheat, which was traded around $250 for July shipment of 11.5 percent protein. At those levels, more demand could appear. Mea...
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.