SPREADS August crush trades 85c/bu while oilshare trades lower to 43.31%. Bean spreads are firmer with July/Nov trading to 1.12 1/2c from 1.05c, but corn spreads are weaker. July/Dec corn trades from 1.02 1/2c inverse down to 95 3/4c, while Sep/Dec trades from 17c to new lows of 13 1/4c. Dec/March wheat trades from 6 1/2c to 7c carry. Dec wheat/corn trades from 1.07 1/2c down to 1.02c. PALM OIL Sep. palm closed down 34 ringgits ending at 3,370 ringgit/mt. NEWS Stocks are lower, down 59 pts, with crude oil trading to $72.29/barrel highs and the US dollar trading up to 91.84. The higher US dollar is negative for trade today and commodity prices in general. Conclusion of th...
What You Need to Know Today: The U.S. and Iran reportedly agreed to pause hostilities to allow vessels to transit the Strait of Hormuz this week (theoretically, at least). There were some rumors of a possible Chinese blockade against Taiwan. Analysts are looking for the largest U.S. 1 June cor...
Proposition 12: The National Pork Producers Council (NPPC) has advocated for a fix to Proposition 12, the California animal welfare law, in the Senate farm bill. The House version of the farm bill included a fix, but the Senate bill, based on the discussion draft released by Chairman John Boozm...
Key Takeaways: Indonesia will raise its biodiesel mandate from B40 to B50 on 1 July, increasing palm oil–based diesel blending to 50 percent. The policy supports domestic palm oil demand and reduces reliance on imported diesel. Indonesia’s biodiesel program has steadily expanded si...
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.