SPREADS March crush is steady at 98c/bu while oilshare works down to 35.43%. Corn spreads are weaker with July/Dec trading out to 4 1/4c from 1 3/4c, while March/May trades from 6 1/2c to 6 3/4c. March wheat/corn trades from 1.85 3/4c down to 1.81c. March/May wheat trades a touch weaker to 1 1/4c from 1/4c. PALM OIL SGS estimated Malaysian palm oil exports for FH Jan. 2020 at 525,251 mmt, up 2.2% from 572,409 mt year ago. NEWS Stocks are stronger today, rallying up 97 pts having had the ability to stay over the 29,000 level of trade. Crude trades back to $58.39/barrel, and the US dollar trades down to 97.08. CALLS Calls today are as follows: beans: 3-5 lower meal: .3...
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.