SPREADS July crush is trading at 84.58c/bu while oilshare trades to 41.69% as it continues to correct. July /Nov bean spread bounces back to 1.81 3/4c from 1.73 1/2c and closes at the highs. Would look for further strength. Jly/Dec corn trades up to 1.09c from a break that took values to an 87c inverse level. Would also look for further strength with the inverse low at 1.02 1/4c. Jul /Dec meal inverse strengthens to $28.80 from $24.80. July wheat/corn trades from 18 1/2c to 23 3/4c. PALM OIL July down 23 ringgits to close at 4,345 ringgit/mt, lower for a second session as pressure from rising inventories and a better outlook for US crop plantings counted a surge in May e...
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.