NOTE: Technical Perspectives from WPI will not be published Friday, May 28, 2021. SPREADS August crush trades at 75c/bu while oilshare declines to 43.87%. July/Nov soybean inverse bounces off 1.60 1/2c to trade to 1.70c, while July/Dec meal inverse congests from $6.30 to $7.60. July/Dec corn trades down to 1.15 1/4c from 1.19 1/4c, while Sep/Dec inverse breaks down to 27 1/4c from 28 3/4c. PALM OIL August futures closed up 3.4% or 135 ringgits, to close at 4,025 ringgit/MT following the lead of soyoil futures. Traders cautioned that India's purchasing has continued on the decline as it fights covid infections. SGS forecast palm oil exports for May 1-25 at 1.086 MMT, down 2.5% from their Apr...
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.