Soybean Condition Worsens, But Can Rebound With Good Rains Yesterday's crop condition report indicated the condition of the U.S. soybean crop deteriorated, as expected last week, due to very hot and dry weather. The percentage of the crop rated good or excellent fell from 45 percent to 40 percent, while the share rated poor or very poor increased by the same amount from 22 percent to 27 percent. The states in the worst shape are Illinois, Indiana, Kentucky, Missouri, Ohio, Wisconsin, Tennessee and Michigan. The only states where soybeans are in fairly good condition are Minnesota, Mississippi, North Dakota, South Dakota and North Carolina.Updated weather forecasts call for rain late this week in the Dakotas, Wisconsin, Minnesota, Kentuck...
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.