SPREADS Dec crush moves higher to 84c/bu while oilshare trades to 33.66%. Dec/March meal is a steady $6.00 to $6.20 carry. Dec/March corn narrows into 10 1/2c from 11 1/4c, while Dec19/Dec 20 corn trades out to 22c from 21c. Dec/March soyoil trades from 45/46 pts, as more bull-spreading activity occurs. Dec/March wheat trades out to 5c from 4 3/4c. Dec wheat/corn trades from 1.29 1/2c to 1.31 1/4c. PALM OIL Dec up 14 ringgits, with increased volatility and buying from China. Malaysian cash offers for palm up $7.50/mt. SGS estimated Malaysian palm oil exports over the Oct. 1-25 period totaled 1.202 mmt, up 9.0% vs. mo ago. Soyoil futures follow palm price activity, having set new...
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.