SPREADS March crush trades to 72c/bu while oilshare trades to 33.45%. The corn inverses strengthened to new highs, with July/Dec trading up to 81 1/4c from 74c, and May/July into a new contract high at 5 3/4c from 4 1/2c. March/May wheat trades from 1/4c to 3/4c carry. March wheat/corn trades from 1.28 1/2c to 1.36 1/4c. July/Nov beans trades from 1.95 3/4c up to 2.06 1/4c. PALM OIL April palm oil closed 23 ringgits higher at 3,265. NEWS Stocks are 78 pts higher while crude oil trades up to $52.29/barrel. US home prices rose at the fastest pace in more than six years fueled by demand for more living space as Americans remain closer to home during the pandemic. CALLS Calls ar...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.