GOOD MORNING, Prices are mixed today with beans into new lows and soyoil weak, but grain prices firming. Shorts and end-users are attempting to lock in profits as funds continue to liquidate a portion of their length. Liquidation could be in part due to the bearishness of the June 30 Acreage report, as many private estimates trend higher. The break in prices is factoring in corn acreage that could be 2-3 mln acres higher, and bean acres up 500,00-800,000 acres. A slightly improved weather outlook contributes to a lower trend. Basis levels remain steady to firm, and farmers are well above the market. World cash markets remain firm. Corn: China's markets remain firm with dome...
What You Need to Know Today: The U.S. and Iran reportedly agreed to pause hostilities to allow vessels to transit the Strait of Hormuz this week (theoretically, at least). There were some rumors of a possible Chinese blockade against Taiwan. Analysts are looking for the largest U.S. 1 June cor...
Proposition 12: The National Pork Producers Council (NPPC) has advocated for a fix to Proposition 12, the California animal welfare law, in the Senate farm bill. The House version of the farm bill included a fix, but the Senate bill, based on the discussion draft released by Chairman John Boozm...
Key Takeaways: Indonesia will raise its biodiesel mandate from B40 to B50 on 1 July, increasing palm oil–based diesel blending to 50 percent. The policy supports domestic palm oil demand and reduces reliance on imported diesel. Indonesia’s biodiesel program has steadily expanded si...
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.