SPREADS Dec crush falls to 82c/bu, one of the lowest levels noted for the year. Oilshare trends firmer trading to 32.98 percent. Spreads are steady with Dec/March corn trading from 12c to 12 1/2c after narrowing into 10 3/4c this week. Dec 19/Dec 20 corn trades from 32 1/4c to 32 3/4c. Dec wheat/corn moves from 1.13c to 1.17 1/4c. Jan/Nov beans remain weaker, trading out to 14 1/2c with Jan/March trading from 12c out to 12 1/2c. PALM OIL Nov down 19 ringgits. Malaysian palm oil offers unchanged at $522.50 /mt. China is out for holiday starting Tuesday. A global conference held in India had forecasts that were friendly, calling for BMD to rise to 2500 by March and for RBD palm to...
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.