SPREADS Dec crush trades to 83.19/bu, which is 30c off the August highs. Oilshare trades down to 32.61 percent. Dec/March corn trades back into 12c from 12 1/4c while Dec 19/Dec 20 trades from 30 1/4c to 31 3/4c. Dec wheat/corn trades from 1.16c to 1.19c. Dec/March meal widens out to $5.80 from $5.60, and vs. trade that was into $4.70 last week. Dec/March wheat trades from 6 1/2c out to 7 1/4c. Nov/Jan beans widen out to 14 3/4c from 14 1/4c. Jan/March beans narrow into 12c from 12 1/2c. PALM OIL Down 15 ringgits. Spreads between palm oil and both gas and soyoil have widened, and will likely be positive for palm oil demand, as stated in a report by Rabobank. Rabobank...
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.