World Perspectives
feed-grains livestock biofuel

Beef Cattle and DDGS Demand

Beef Cattle and DDGS Demand Last week, Livestock Roundup covered the topic of beef production which was the lowest 1 July beef herd since at least 1973 and a 21 year-low of beef production coming in 2014.  With that bearish forecast still fresh in mind, we received EPA's announcement of the 2013 and 2014 required volume obligations for biofuels that hints at maybe lower ethanol mandates for corn ethanol and definitely lower mandates for advanced ethanol. Combining the cattle report and the ethanol announcement makes us think about DDGS.Not all of the drought and after-affects are over to date and seasonal beef production has actually spiked relative to cattle herd size. While this is the fourth straight year of production declin...

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feed-grains soy-oilseeds wheat

Market Commentary: Limping Home After a Dreary Week

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feed-grains soy-oilseeds wheat

Summary of Futures

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Competing Manufacturing Data

According to S&P Global, the US manufacturing sector grew for the fourth consecutive month in September. The U.S. manufacturing purchasing managers' index recorded 52 points in September, down from 53 a month prior and indicating a weaker rate of expansion of the manufacturing sector. A rea...

feed-grains soy-oilseeds wheat

Market Commentary: Limping Home After a Dreary Week

Friday involved relatively lower volume and modest price changes as new inputs remain limited. And it wasn’t really due to the lack of USDA reports due to the shutdown since they may not have involved anything market moving. Harvest is progressing, competitors have ample supplies, and buy...

feed-grains soy-oilseeds wheat

Summary of Futures

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Competing Manufacturing Data

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feed-grains soy-oilseeds wheat

Recent Market Volatility Increases Futures Mispricing

Following the recent shocks to the grain markets – the Grain Stocks report data and news that soybeans will be on the negotiating table when Presidents Trump and Xi meet next – many are wondering what happens next as far as commodity pricing goes. WPI certainly doesn’t have a...

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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.

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