THE OPEN July beans: 8 lower July meal: 2.50 lower July soyoil: 54 lower July corn: 3 lower July wheat: 10 1/4 lower Prices opened lower with more position-evening into the first hour or two of trade. The catalyst for bean trade was sharply lower soyoil, which followed weaker palm, rapeseed, and canola prices and triggered more profit-taking in oilshare. Nearby corn spreads popped back with July corn trading higher. Technically speaking, November beans filled its gap and then some, while Dec corn backed into its gap as well, signaling more consolidation trade ahead. Cash markets are trending slightly weaker. User end-pricing on the break is routine, as buyers have seen...
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.