SPREADS Dec crush trades 1.12c/bu while oilshare trades 45.90%. Sep/Dec corn narrows into 2 1/4c from 3c after trading as wide as 5c or more, and from an inverse. Dec/March corn narrows into 7 - 7 1/2c. Sep/Nov bean inverse is firmer trading from 5c to 6 3/4c. Sep/Dec meal carry trades from $2.40 to $2.80. Dec wheat/corn firms to 1.90c from 1.73c, with very good chart support at 1.69c - 1.70c. PALM OIL Oct. down 61 ringgits/mt to 4,420 ringgit/mt. NEWS Stocks are slightly higher while crude oil trades lower vs. the stronger US dollar. Inflation readings will be released which could be of concern if they are running high. CALLS Calls are as follows: beans: 15-19...
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.