SPREADS Dec crush trades at 90.81c/bu while oilshare hits a high of 33.60 percent. Spreads are slightly weaker with Dec/March corn trading into 12c from 12 1/2c. Dec 19/Dec 20 corn trades from 36 1/4c out to 38 3/4c. Nov/Jan beans trades from 13 1/2c to 13 3/4c. Dec wheat / corn trades from 1.12c to 1.15c. Dec/March meal trades from $5.00 to $5.20 carry. PALM OIL Malaysian palm cash offers for RBD palm oil traded +7.50/mt higher at $545.00/mt. NEWS Stocks are lower, down 68 pts with crude oil prices staying over $60/barrel to a high trade at $62.59/barrel. The US dollar weakens to 98.54. CALLS Calls today are lower across the board: beans: 6-8 lower meal: 1.80-2.00 lower...
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.