GOOD MORNING, Prices are mostly lower this morning as the soy complex sells off due to weaker soyoil prices, and profit-taking in oilshare. Wheat is lower as Russia's IKAR increased 2021 wheat production to 81.0 mmt, vs. 79.8 mmt prev. Beans are lower reacting to larger Brazilian bean production as noted in the April WASDE, while dryness in Brazil keep's the Safrinha corn crop in more peril. Corn consolidates pulled down by weaker values elsewhere. The mini-trend established after the April report continues in the PM session, with corn firmer over beans, and beans weaker due to lower soyoil values. Egypt announced a tender for 30,000 mt of soyoil to close on April 15. The USDA report was pretty mu...
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.