SPREADS Dec crush trades to 1.21c/bu while oilshare trades up to 31.0%. Spreads are weaker with Dec/Dec corn trading down to 11 1/4c inverse from a morning high of 19 3/4c, while Dec/March trades out to a 3 1/2c carry for the first time since early October. Jan/March bean inverse trades down to 11 1/2c from 13c, and from report highs of 29c. Dec/March meal inverse is weaker but maintains a firm $19.10 to $17.10 trading range so far. Dec wheat/corn trades from 2.01 1/4c to 2.06 3/4c. PALM OIL Holiday NEWS The Dow was off 100 pts but has traded both sides into the morning hour. Crude is trading at $35.36/barrel on continuing demand concerns via Covid-19. Latest economic reports show that the econ...
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.