GOOD MORNING, Prices are set for turn-around Tuesday as we open into the green except for meal. May contracts continue to liquidate as we enter day 4 of the Goldman Roll. Oilshare finds new life overnight, and beans actually firm against corn for a change. December corn continues firm, technically sound and remaining close to ctr highs. Being close to ctr highs usually speaks to new ones, and Dec. corn remains well bid. Corn cash markets remain firm, with South Dakota's basis hot, a premium to Iowa, Neb., and Minn. Funds remain long an estimated 4K wheat, 380K corn, 134K beans, 59K meal, and 65K soyoil. Beans remain rangebound on less Chinese demand, lower Brazilian premium, and a bit of a h...
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...
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.