SPREADS Dec. crush trades down to 90c/bu while oilshare trades to 45.43%. Dec/March corn spread narrows into 8c from 9 1/4c. Dec/March wheat trades from 9 1/2c to 11c carry. Dec wheat/corn trades from 1.82 1/2c to 1.79c. The Nov/Jan bean spread trades from 7 1/2c to 8 1/2c, while Nov 21/Nov 22 inverse trades down to 27 3/4c from 32 3/4c. PALM OIL Nov closed down 113 ringgits/mt. AmSpec Agri forecast exports over the Sep 1-10 period at 554,875 mt, well above 368,763 mt mo ago. NEWS Stocks are up over 100 pts with crude oil prices firmer on supply worries. Crude trades to $69.49/barrel, with the US dollar trading to 92.30. CALLS Calls are as follows: beans: 3-5 higher...
What You Need to Know Today: The latest EIA Short-Term Energy Outlook forecast 2027 U.S. WTI crude oil at $65.39/brl, up about $5 from the prior forecast. President Trump late Monday claimed the U.S. has swept the entire Strait of Hormuz (SOH) for sea mines. Iran’s security council said...
Key Takeaways: Soymeal with 44 percent protein generally contains more soybean hulls and fiber, while 48 percent soymeal is more extensively dehulled, resulting in higher protein concentration and lower fiber. CBOT soymeal futures were lowered from a 48 percent to 47.5 percent protein specific...
The trade deficit contracted slightly to $73.3 billion in June, a break from the volatility that has underscored international trade over the past year. Despite the small change, there was plenty of activity behind the scenes: imports fell $7.3 billion, led by crude oil, reflecting cheaper crud...
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.