SPREADS Oct. crush trades to 93.36c/bu while oilshare trades to 34.44%. Sep/Dec corn trades from 13 1/4c to 14c, while Dec/Dec trades from 32c to 33 1/2c. Sep/Nov beans trade into 1 3/4c from 2c. Nov/Jan beans trades from 5-5 1/2c. Sep/Dec meal trades from $6.60 to $6.90 carry. Sep./Dec wheat trades from 9c to 9 1/2c. PALM OIL October settled up 31 ringgits. AmSpec Malaysia forecast palm oil product exports over the first half of August at 694,292 mt, down 16.3% from their FH July estimate at 829,294 mt. NEWS The Dow is up 83 pts while crude oil trades down to $41.80/barrel. The US dollar trades down to 92.89. CALLS Calls today are higher acros...
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.