GOOD MORNING, Corn and bean prices set new contract highs again overnight before seeing some morning profit-taking. Soyoil futures also set new contract highs, as the uptrend continues. US weather will remain cool and wet after delivering snow -showers across the Midwest yesterday. By Friday, temperatures will begin to warm before another cooler spell sets in again. Expect that by the time we hit Friday we will have some profit-taking on the chance of a return to something closer to normal. Funds could now be record long corn with yesterday's buying activity. Corn continues to receive support from a strong basis and improving ethanol margins. Advertised expectations for ethanol production from the...
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.