GOOD MORNING, The markets, with the exception of meal, are higher on a combination of pricing, short-covering, and perhaps a bit of bargain hunting heading into the June 30 Acreage / Stock report on Wed at 11:00 central time. Oilshare is bouncing back from Friday headline losses. The headline news on the biofuels front continues to play out. Minneapolis wheat is sharply higher as weekend rains missed the northern plains and parts of Iowa and Michigan. Morning trends include higher wheat lending support to corn, higher oilshare as traders return to a buy soyoil/sell meal trade, and bean trade gaining on corn. Weather watchers are concerned the warm and dry weather in the plains and the Dakotas will...
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.