SPREADS Dec crush trades to 1.36c/bu while oilshare trades to new highs at 49.47%. Bean spreads are weaker as November contracts continue to roll forward. Nov/Jan bean carry trades from 11c to 11 1/2c, while Nov 21/22 trades from 1 3/4c to 6 3/4c carry. Nov/March bean spread trades out to 21 1/4c. Dec/March corn trades from 8 3/4c to 9c, while the Dec 21/22 inverse trades from 9 1/2c to 6 1/4c. Dec /March wheat trades from 13 1/4c to 13 3/4c carry. Dec wheat/corn trades from 2.06 1/4c to 2.05c. PALM OIL Dec down 27 ringgits/mt. Cash offers down $5/mt. NEWS Stocks are up 20 pts. while crude trades to $79.66/barrel. The US dollar trades down to 94.12. CALLS Calls today...
What You Need to Know Today: U.S. launches naval escort operations in the Strait of Hormuz as Iran attacks UAE oil infrastructure, escalating geopolitical risk and supporting energy and broader commodity markets Biofuel demand entering uncharted territory, with soyoil valuation increasingly di...
The Middle East is said to be undergoing a transformation as economic priorities transcend security concerns. This is evidenced by diversification away from oil and the UAE’s departure from OPEC. Meanwhile, the Palestine issue has been deprioritized, and Iran has emerged as more destabili...
All eyes are shifting to the Senate following the House passage of a farm bill last Thursday. Senate Agriculture Committee Chair John Boozman (R-Arkansas) is targeting the end of May or early June for a bill markup. According to Boozman, the House “going ahead and passing something was re...
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.