SPREADS Dec crush trades to 78c/bu while oilshare is lower correcting down to 32.87%. Bean spreads are wider with Jan/March trading out to one-month lows at 13c. Nov/Jan spread narrows into 13 1/2c from 13 3/4c. Corn spreads are weaker with Dec/March trading out to 12c from 11 3/4c. Dec/March wheat narrows into 4 1/4c from 5c. Dec wheat/corn trades up to 1.41 3/4c from 1.37 3/4c. PALM OIL Jan down 1 ringgit, cash offers up $7.50/mt. SGS forecast Malaysian palm oil exports for Oct. 1-20 at 903,645 mt, which is down 4.4% from their estimate of 945,241 mt for the Sep 1-20 period. NEWS Equities are 40 pts higher despite the Brexit vote this weekend. The U.S. dollar is firmer, trading up to 97.40 while cr...
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.