Indian Soybean and Peanut Plantings Expected to Increase A combination of high prices for oilseeds and a sharp drop in cotton prices is expected to result in India's plantings of soybeans and peanuts (groundnuts) increasing by 7 percent and 10 percent, respectively, this year. That is the view of the executive directors of India's Solvent Extractors Association and the Soybean Processors Association. Last year India planted an estimated 10.3 million hectares of soybeans and 4.3 million hectares of peanuts.Earlier this month soybean futures in India reached a record price equivalent to $696/MT ($18.94/bushel). The futures price reached a record equivalent to $1,195/MT.USDA is forecasting Indian soybean production in 2012 at 11.4 MMT, up f...
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.