SPREADS Crush is firmer this morning with July trading up to 94c/bu, and oilshare correcting down to 31.23%. July/Nov beans trades out to 10 1/4c from 8 1/2c. Jly/Dec meal trades into $3.10 from $5.30 as traders take profits on recent weakness. July/Dec corn widens out to a 15 1/4c carry from 14c. July wheat/corn trades from 2.13 3/4c down to 2.10 1/4c. PALM OIL Malaysian cash offers for May delivered RBD palm and olein traded up $5.00/mt higher ending at $572.50/mt and $575.00/mt, respectively. Quiet as India extends its lock-down to the first week of May, which is set to further hit global demand for veg oil. Further pressure on oil was noted as Brent crude fell 6% Tues, while WTI futures...
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.