THE OPEN May beans: 8 higher May meal: 2.20 higher May soyoil: 25 lower May corn: 8 higher May wheat: 1 3/4 higher The markets opened as expected with more weakness in soyoil on profit-taking in oilshare, as the markets maintained their strength throughout the day for the most part. Stronger bean and meal price action supported the rest of the markets throughout the trading session. Reports of better hedge pressure were noted for new crop corn. At 10:00 export inspections are as follows: beans: 183,986 mt vs. 337,159 mt week ago wheat: 613,595 mt vs. 461,368 mt week ago corn: 1,524,777 mt vs. 1,727,589 mt week ago Inspections were good for grains, low end for...
Beef packer margins deteriorated to -$261/head last week, down $19 from the prior week as weaker beef values (especially the Choice cutout) were offset by firmer fed cattle prices, which further compressed packer profits. The cutout slipped to $387/cwt while fed cattle prices held above $259/cw...
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...
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.