South American Soy Crop Forecasts Reduced Further The drought in South America continues to take its toll, according to crop analysts. Yesterday the Brazilian firm Celeres reduced its forecast for the Brazilian crop from 69.83 MMT to 67.97 MMT. It blamed very poor yields in southern Brazil for the cut in its forecast.Today the Rosario Grain Exchange reduced its forecast for the Argentine soybean crop from 44.5 MMT to 43.1 MMT. That is getting close to the estimate made by a private forecaster who last week predicted the Argentine crop would not be more than 42.5 MMT.Oil World did not change its forecasts for Argentine and Brazilian soybean production in its latest weekly newsletter. However, it indicated that conditions have worsened in...
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.