SPREADS Dec crush trades to 83.41c/bu while oilshare continues to correct downward trading to 32.58%. Dec/March corn firms to 10 1/2c to 11c, where traders may be interested in bear-spreading. Dec 19/Dec 20 corn trades firmer on the rally into 12 1/2c from 16c. Nov/Jan beans head out to new lows at 14 3/4c, as traders continue to liquidate or roll forward Nov contracts. Dec/March meal trades from $5.80 into $5.40. Dec/March wheat trades from 7 1/4c into 6 1/2c. PALM OIL Nov up 19 ringgits, China back but kicking tires and not buying at higher levels. Asian palm oil prices closed higher, supported by moves in beans. The focus of the market will be on palm oil data from the...
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.