SPREADS July crush trades down to 84.40c/bu while oilshare firms to 32.49%. Corn spreads are firmer on short-covering, with July/Sep trading from 3c to 3 1/2c, while July /Dec firms to 11 1/2c from 12c. July/Nov beans widens out to 8 1/4c from 7 1/4c. July /Dec meal is the weakest spread, trading from $6.80 out to $7.40. July wheat/corn trades from 1.79c to 1.76c. PALM OIL July up 40 ringgits, or 1.87% higher. Palm oil is higher as India resumes purchases of of around an estimated 200,000 t. of crude palm purchased last week. Lower port stocks, and discounted prices prompted the purchasing activity. NEWS Stocks are slightly lower off 50 pts. Chinese in...
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.