SPREADS May crush trades to 67c/bu, while oilshare is 34.65%. July/Dec corn trades from 74 3/4c inverse to 78c, while May/July trades down to 11 1/2c from 12 1/2c. May/July wheat trades from 11c down to 8 3/4c. July/Nov bean inverses congests from 1.76 1/4c to 1.80 1/4c, while March/May trades from 1 1/4c to 3/4c inverse. July/Dec meal trades from $50.40 inverse down to $49.30. July wheat/corn trades from 98 1/4c to 98c. PALM OIL Closed for holiday. India's palm oil imports jumped 31% in Jan from a year earlier as lower import taxes prompted refiners to increase purchases of the tropical oil, while soyoil and sunflower oil imports fell, as reported by a trade group. NEWS Stocks are down 30 pts...
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.