SPREADS August crush trades to 1.04c/bu while oilshare is higher as soyoil surges again overnight, trading up to 47.53%. July open interest continues to fall impacting inverses. July/Nov bean inverse trades down to 76c vs. 85 1/2c while July/Dec corn inverse trades down to 1.15 1/2c from 1.22 1/4c, but values that were as high as 1.39c. Sep/Dec meal carry trades from $3.50 out to $4.80. August /Nov bean inverse trades down to 40c from 47 1/4c, while Sep/Dec corn inverse trades down to 12 1/2c from 13 1/2c. Dec/March wheat trades from 5 1/2c to 6c carry. Dec wheat/corn trades from 1.21 3/34c to 1.26 1/2c. PALM OIL Sep. palm oil up 95 ringgits/mt, ending at 3,516. Intertek estimated pal...
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.