SPREADS The May/July Chicago wheat spread is beginning to invert once more, trading from 3-4c. July/Dec corn trades out to 19c from 18 1/4c. July/Nov beans narrows into 4 1/2c from 6 3/4c. May/July meal trades out to $5.50 from $4.60, while July/Dec trades from $5.20 from $6.00. PALM OIL July up 53 ringgits, or 2.6%. Palm oil climbed higher following soyoil futures and a slightly improved pace of exports. Intertek estimated palm oil product exports during April at 1.174 mln mt, up 3.8% vs. March. NEWS Stocks are down 250 pts as more than 3.8 mln laid-off workers have applied for unemployment benefits last week as the US economy slides further into a crisis that is the worst since the 1930's.&nb...
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.