SPREADS August crush trades to 78c/bu while oilshare trades down to 45.23%. Spreads are firmer with the July /Nov bean inverse trading up to 83 3/4c from 70c, and Sep/Dec meal trading from a $5.80 carry out to $7.20. July/Dec corn inverse trades from 76 1/4c low up to 86 1/4c, while Sep/Dec corn trades from 19 1/2c inverse to 24c. Dec wheat/corn trades from 89c up to 1.07c. PALM OIL August crude oil palm down 285 ringgits ending at 3,378 ringgit/mt. India's Solvent Extractor's Association estimated May palm oil imports at 769,602 mt, an increase of 92% vs. yr ago. NEWS Stocks are down 40 pts with crude oil continuing to firm trading up to $71.75/barrel, and the US dollar down to 90.43. CALLS...
What You Need to Know Today: The U.S. and Iran reportedly agreed to pause hostilities to allow vessels to transit the Strait of Hormuz this week (theoretically, at least). There were some rumors of a possible Chinese blockade against Taiwan. Analysts are looking for the largest U.S. 1 June cor...
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...
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.