SPREADS Sep. crush trades to 1.25c/bu while oilshare trades to 47.40%. Corn spreads are weaker with Sep/Dec now trading into new lows at 3/4c carry from 2c inverse. Dec/March corn weakens to 8c from 7 1/2c. Sep/Dec wheat trades out to 9 1/2c from 9c. Dec wheat/corn trades from 1.72c to 1.83c. August/Nov bean inverse trades from 65 1/2c to 67 1/2c, while Sep/Dec meal trades from $2.40 out to $2.90. PALM OIL October palm down 252 ringgits/mt at 4,117 ringgit/mt. Egypt tendered for 30,000 mt of soyoil, and 10,000 mt of sunflower soyoil for delivery for the Oct 1-20 period. SGS estimated palm exports at 1.448 mmt. for July, down 6% from June. NEWS Stocks are up 100 pts with...
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...
Corn Argentina Argentina's corn harvest continued to advance at a moderate-to-slow pace, constrained by high moisture levels in both the grain and the fields. Harvest delays remain concentrated in the remaining early-planted corn in central and southern Buenos Aires. To date, harvesting has rea...
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.