As markets and market participants make ready for the important bevy of USDA reports on Friday (11 January), we thought we should make way for them by clearing away a few things and thoughts that caught our attention during the last few weeks that may (or may not) hold some significance for the future. So with your indulgence, here is another odds-and-ends recap of them.
Friday's USDA reports will be the first to be released at 12:00 p.m. ET instead of 8:30 a.m. ET, as was the long established practice. The 8:30 a.m. time was picked originally because it gave interested parties two hours to analyze potentially market-sensitive reports before futures markets opened at 10:30 a.m. ET. Over the decades of our experience, there were countl...
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 €...
