SPREADS May crush trades up to 1.05c/bu while oilshare trades higher, back towards 35% at 34.91%. July/Dec corn trades from 1/4c to 1 1/4c carry, with March/May at 5 to 5 1/2c. March wheat/corn trades down to 1.78c from 1.83c. March/May meal trades from $4.20 to $4.40. July/Nov beans narrows into 7 1/4c from 8 1/2c. March/May wheat trades from 1 1/2c inverse down to 1/4c. PALM OIL April palm oil traded 153 pts higher, ending at 2,728 ringgit/me. SGS estimated palm oil exports for the Jan 1-25 period at 1.015 mmt, down 4.8% from 1.066 mmt in Dec. 1-25. Indonesia will tax crude palm oil exports from Feb. for the first time in nearly 3 yrs, as reported by its trade ministry. Indonesia an...
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.