SOYBEANS: In the April 2022 WASDE, USDA is forecasting increased U.S. exports and seed use, and lower ending stocks. Soybean exports are raised 25 million bushels to WASDE-623-3 2.12 billion, partly offsetting lower exports from Brazil, Ukraine, and Russia. Seed use is raised in line with record soybean plantings indicated in the March 31 Prospective Plantings report. Soybean ending stocks are projected at 260 million bushels, down 25 million from last month. The season-average soybean price forecast is unchanged this month at $13.25 per bushel. China’s soybean imports are also lowered 3 million tons to 91 million. Lower soybean exports for Brazil, Paraguay, Russia, and Ukraine are partly offset by higher U.S. shipments. The 2021/22...
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.