SPREADS July crush trades to 82c/bu while oilshare trades to 44.85%. Bean inverses weaken while corn inverses strengthen. Jul/Nov bean spread inverse breaks down to 1.66c from 1.77 1/2c, while July/Dec meal firms from $9.50 to trade up to $11.10 inverse. July/Dec corn inverse closes on the highs at 1.19 1/4c from 1.13 3/4c. Look for likely further highs after the open. Sep/Dec corn inverse trades from 27c to 29c. July wheat/corn trades from 37 3/4c down to 31c. PALM OIL August palm closed down 157 ringgits closing at 4,300 ringgit/mt. The Malaysian Palm Oil Board noted the gov. has kept the June crude palm oil export tax at 8%, the maximum amount. NEWS Stocks are 408 pts lower with...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.