The hard red winter wheat crop quality tour begins tomorrow and tour participants will see a very good looking U.S. winter wheat crop. In fact, some crop folks believe that yields in Kansas and Oklahoma could approach record levels. They will see conditions far different than a year ago when a severe drought still had a solid grip on the Southern Plains. The weekly crop condition ratings reflect the much improved outlook, with 63 percent of the crop rated good to excellent compared to 35 percent last year. More importantly, just 10 percent of the crop is rated poor to very poor compared to 40 percent last year.USDA will release its first estimate of U.S. winter wheat production on 10 May. The table below looks at the U.S. hard red winter...
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.