SPREADS July crush trades down to 86c/bu while oilshare dips back below 31.0% to 31.71%. July/Dec corn trades weaker from 12 1/2c to 13 1/2c. July/Nov bean spread trades firmer from even to 2 1/2c carry. July/Dec meal firms to $2.10 from $3.00. July wheat /corn trades from 2.22c down to 2.17 1/4c. PALM OIL July down 32 ringgits with cash offers for RBD palm oil and olein unchanged at $530.00/mt and $532.50/mt, respectively. The lower price in palm was the biggest weekly drop in eight trading sessions, tracking declines on China's Dalian Exchange. NEWS Stocks begin the day in the green, up 200 pts, as crude oil prices continue to strengthen, trading up to $17.95/barrel for the...
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.