SPREADS Dec crush trades to 78.37c/bu, while oilshare corrects down to 32.57 percent. Corn spreads narrowed on the rally with Dec/March trading into 11 1/2c, and Dec 19/Dec 20 narrowing into 19 1/4c from values that were out to 44c. Jan/Nov bean spread narrows into 10c from values that were at 12c. Nov/Jan remains 13 1/4c to 13 1/2c trade. Dec wheat/corn trades from 1.09 1/4c down to 1.04c. PALM OIL 33 ringgits higher following soyoil values from yesterday, with offers higher up $7.50/mt. India is in for buying but other destinations not engaged. NEWS The Dow is trading higher up 80 pts with the US dollar stronger at 99.61 vs. a lower crude oil market which trades to $54.17/barrel. Brazil...
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.