SPREADS Dec crush firms to 89.40c/bu while oilshare drops to 33.72%. Dec/March corn spread continues to firm, narrowing into 8 1/4c from 8 3/4c, and values that were as wide as 13c at one point. Firm cash and lack of farmer selling allows the spread to firm, providing spillover strength to Dec 19/Dec 20 corn, though it weakens back out to 17 1/4c from 15 1/4c. Dec wheat/corn trades from 1.19 1/4c to 1.17c. Dec /March meal trades from $6.10 to $6.20. Nov/Jan trades at 15c on this first day of delivery for Nov ctrs. Jan/March trades from 12 1/4c to 13c. PALM OIL SGS pegged palm oil product exports for Oct. at 1.522 mmt, up from the Sep est. at 1.327 mmt. NEWS The Do...
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.