SPREADS July crush trades to 83c/bu while oilshare trades to 41.10%. Spreads remain firm with July/Nov trading up to 1.85 1/2c from 1.73 1/2c. The May/July bean inverse trades to 36c highs from 30c July /Dec meal inverts to a $23.10 high from $18.60. May/July corn invers to 63c from 41 1/2c, while July/Dec trades from 98 1/2c highs from 87 1/2c. May /July wheat trades from 3 1/2c inverse from 1c carry. July wheat/corn trades from 72 1/2c up to 89c. PALM OIL July down 127 ringgits ending at 3,942. The Indonesian Palm oil group reported March ending stocks at 3.2 mmt, down 20% from Feb., and off 5% from year ago. Production was reported higher up 13.5% vs. year ago, with March out...
What You Need to Know Today: The U.S. and Iran reportedly agreed to pause hostilities to allow vessels to transit the Strait of Hormuz this week (theoretically, at least). There were some rumors of a possible Chinese blockade against Taiwan. Analysts are looking for the largest U.S. 1 June cor...
Proposition 12: The National Pork Producers Council (NPPC) has advocated for a fix to Proposition 12, the California animal welfare law, in the Senate farm bill. The House version of the farm bill included a fix, but the Senate bill, based on the discussion draft released by Chairman John Boozm...
Key Takeaways: Indonesia will raise its biodiesel mandate from B40 to B50 on 1 July, increasing palm oil–based diesel blending to 50 percent. The policy supports domestic palm oil demand and reduces reliance on imported diesel. Indonesia’s biodiesel program has steadily expanded si...
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.