SPREADS October crush trades to 1.09c/bu while oilshare leaks lower to 32.36 percent. Dec 2019/Dec 2020 corn congests from 36 1/2c to 37c. Dec/March corn narrows into 11 1/2c from 12c. Nov/Jan beans narrows into 13 1/2c from 14c. Dec wheat/corn trades from 1.11 1/2c to 1.06 1/4c. PALM OIL Up 17 ringgits NEWS Stocks started the day weaker but have since been coming back a bit. The US dollar is higher, trading up to 98.18 while crude oil futures are trading up to $55.87/barrel. CALLS Calls today are mixed: beans: 1 1/2-2 higher meal: 10-30 higher soyoil: 3-5 higher corn: 1/2-1 lower wheat: 4-6 lower canola: 2.20-2.50 higher TECHNICALS December...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
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...
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.