Key Takeaways:
Continued domestic demand for soyoil in the U.S. will drive prices higher and create a firmer outlook for global soybean values and crush margins. U.S. soyoil prices are set to increase 13-16 percent over the next four months as the domestic demand expansion takes hold. The increase in soyoil values will pull soybeans higher, with some model runs anticipating cash market values above $12.75/bushel by mid-autumn. Soymeal values are expected to remain mostly steady as the expanded U.S. crush outpaces domestic demand and exports clear the residual supplies. These dynamics will leave U.S. cash crushing margins steady to slightly higher over the next 16 weeks, though fund buying dynamics on the CBOT will likely push the fut...
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 €...
