SPREADS March crush trades to 1.03c/bu while oilshare trades higher to 35.59%. Spreads are firmer with July/Dec corn narrowing into 1 1/2c from 2 1/4c. March/May corn trades into 5 1/2c from 6c. March wheat/corn trades to 2.00c from 1.92c as wheat futures rally. March/May wheat climbs to a 1 1/2c inverse. March/May meal trades from $4.50 to $4.70. PALM OIL Expectations of lower palm oil production and ideas that India will lower its crude palm oil import taxed pushed palm oil futures to close up 3%. Malaysian cash offers were up $17.50/mt. NEWS The stock market is higher today, up 50 pts, with crude oil sitting on recent lows of $57.67/barrel, and the US dollar trading down to 97.48.&nbs...
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.