News Updates On the new business side of things, there is little or nothing to report this week as buyers are staying out of the market in the hopes that prices will fall again before they have to buy any grain or protein items. Almost all news this week is related to crop situations in various exporting countries, with some good and some bad but on average probably more bad crop news than good.As this week began, European and Black Sea grain prices continued to move higher, matching -- and in some cases outpacing -- increases in prices for U.S. grains. EGYPT UPDATE According to news out of Egypt from Ahram Online, the United States will be granting Egypt $250 million in credit guarantees against trade business with the United States. Un...
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.