SPREADS July crush trades down to 1.12c/bu while oilshare sells off to 29.79%. Bullspreads remain firm with July/Dec corn trading into 8c from 9c, and May/July corn into 3 1/2c from 3 3/4c. July/Nov bean inverse weakens to 2c from 5c on liquidation. July/Dec meal also weakens this AM, trading down to $4.10 from $5.40. May/July wheat trades from 2.17c down to 2.06c. PALM OIL June down 30 ringgits, or off 1.28%, its third day of losses. Demand concerns and forecasts for better March production are negatives. NEWS Crude trades to $22.10/barrel as indications from Trump are that Saudis and Russia can make a deal. The US dollar trades up again to 99.91 as money continues to find a safe h...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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.