On Wednesday USDA's World Agricultural Outlook Board (WAOB) will release the April WASDE. Frequently, the April WASDE is anti-climactic after the quarterly stocks and planting intentions reports that are issued by USDA's NASS 10-12 days prior. The stocks and plantings estimates grab the market's attention and rightfully so. The April WASDE normally breaks no new ground, with the wheat crop year little more than seven weeks from being finished, the corn and soybean crop years more than half over, and USDA's first look at U.S. and world supply and demand projections still a month away in the May WASDE.This year, however, the April WASDE is grabbing more attention than usual because of the surprises contained in the stocks estimates -- parti...
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.