Here are a few more things to keep you up at night as we head home for the long holiday weekend.
It appears we survived the end of the world according to the Mayan calendar. Some believe that this week's collapse in grain and oilseed prices was the result of Mayans liquidating their positions. Maybe they will buy them back next week. The U.S. fiscal cliff will replace the Mayan calendar as the primary topic of conversation over the next week or so. No one appears capable of agreeing to anything, even within their own political parties. Financial markets crashed early today because the Republicans in the House couldn't support Speaker Boehner's Plan B. A Bloomberg survey of 31 analysts this week showed the following estimates of pric...
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 €...
