Argentine Dryness an Increasing Concern The market is increasingly concerned about the ongoing dryness in Argentina and its possible impact on that country's 2013 soybean crop. A weather system that was expected to bring rain over the weekend did not do so, and the forecast for the next 10 days shows little chance of significant rainfall. Daily high temperatures are expected to be in the upper 80s and low 90s this week, except on Saturday when the high in Rosario is forecasted at 95 degrees Fahrenheit.After receiving excessive rainfall in November and December, Buenos Aires province saw only 30 percent of normal rainfall in January. Last month, rainfall also was below half of the average in the provinces of Santa Fe, Cordoba and Entre Ri...
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.