SPREADS August crush trades at 74.58c/bu while oilshare is 44.12%. Jly/Nov bean inverse drops to 1.53 3/4c from 1.58 3/4c as traders will have to begin the process of liquidating or moving July contracts forward. July/Dec meal trade returns to a $2.10 inverse from a carry last week. July /Dec corn inverse trades from 1.12 3/4c down to 1.03 1/4c. Sep/Dec inverse trades from 29 3/4c down to 25c. July/Dec wheat spread trades from 10 3/4c carry to 11 1/2c. July wheat /corn trades from 16c down to 6 1/4c. PALM OIL --SGS estimated palm oil exports at 1.395 mmt, below April's 1.413 mmt. Malaysia announced Monday that certain industries will be enabled to operate for the two-week virus lock down period.&...
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.