SPREADS Dec crush trades to 84.48c/bu while oilshare sets back to 32.46%. Spreads are slightly wider with Dec/March corn trading out to 11 1/2c from 10 3/4c. Dec19/Dec 20 corn trades into 13 3/4c from 15 1/4c. Nov/Jan beans trades from 13 1/2c to 14 1/4c, settling out at 13 3/4c. Jan/March beans trades back out to 12 1/4c from 11 3/4c. Dec wheat /corn trades from 1.10c to 1.08 1/4c. Dec/March meal consolidates from $5.50 to $5.70. PALM OIL Malaysian Palm Oil board pegged Sep 2019 production at 1.842 mmt, below the advertised 1.906 mmt. August output was 1.821 mmt, and Sep 2018 output was 1.853 mmt. Sep stockpiles are 2.448 mmt, below the expected 2.529 mmt. Sep exports wer...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.