USDA will release a series of reports at 11 a.m. this Friday, 11 January that could have a major impact on markets' directions. These reports -- which include the quarterly stocks as of 1 December, final corn and soybean production estimates, U.S. winter wheat planted acreage and U.S. and world supply and demand revisions -- have been discussed for at least the last two months.As we have stated several times, the most important of these reports will be the 1 December quarterly stocks numbers, which must reflect the final production estimates plus consumption. It is simple. What was in the bins on 1 December 2012 is what we have to work with for remainder of this marketing year.The corn quarterly stocks number is certainly the most importa...
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.