Corn Argentine corn basis levels are now weaker than they were in our last report, especially those for August and September shipments, where there is big pressure due to farmer selling. For both August and September, offers dropped around 25-30 cents compared to our last report. Sellers would like to trade below -60 CZ. Demand remains quiet as most buyers already have covered their needs for these positions. There is some demand for October onwards, though no trades were reported during the last week. With weaker offers, however, buyers have started to ask and compare with other origins. October shipment is buyable at the mid-40s CZ under December CBOT futures and around 5 cents of carry for November shipment.Most trading houses really...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.