SPREADS October crush drops to 85.56c/bu while oilshare trades back over 35.0% to 35.20%. Dec/Dec corn trades from 27 3/4c out to 29 1/2c, but firmer than the 40c level around the August report. Sep/Dec corn trades from 13 1/2c back out to 14 1/4c. Sep/Nov beans trades from 5 1/4c to 6c, while NOv/Jan trades from 6 1/2c to 7c carry. Dec wheat/corn trades 1.82 1/2c. PALM OIL November up 30 ringgits. Cash offers for Sep RBD palm oil and olein trade up $2.50/mt higher at $700.00/mt and $702.50/mt. Though palm oil prices rose, Rabobank is cautioning that it expects lower demand in September due to rising prices of the commodity and higher inventory. NEWS Stocks are slightly lower,...
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.