GOOD MORNING, The markets seem to have run out of price direction except for the continuation of small fund liquidation into end-user pricing interest. Pricing orders help to stabilize prices as technicals turn weaker, but the session culminated with a sell-off towards key support levels which remains defensive in tone, particularly for corn. One of the major features is that of higher oilshare, with meal trading lower this morning on the back of a story talking about a possible resurgence of ASF in parts of China. Trade sources report that some farms in China's central province of Sichuan are still fighting ASF and have been since March, with animals culled as regions fight to contain the outbreak. The provi...
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.