SPREADS May crush trades lower down to 92c/bu while oilshare trades down to 34.10%, close to the 34.0% level that has already been tested once. Corn spreads widen out with July/Dec trading to 3 1/4c from 2 3/4c. March/May trades from 4c to 4 1/2c. July/Nov beans trades into 6c from 7 1/2c. March/May meal narrows into $5.50 from $5.70. PALM OIL April down 77 ringgits. Malaysian customs agency said the crude palm oil export tax for March is steady at 6%, the country's reference price is 2,982.63 ringgit/mt. NEWS News from the China National Health Commission of a dramatic increase in coronavirus cases to 60,000, with the death toll now at 1,367 people, has created a risk-off atmosphere of trade.&...
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.