SPREADS March crush trades to 1.05c/bu while oilshare is slightly weaker, trading down to 36.43%. July/Dec corn trades from 1 1/2c to 2c. March/May corn narrows into 6 1/2c from 6 3/4c. March/May beans trades from 13 1/2c out to 14c, and vs. levels that narrowed into 12 3/4c last week. July/Nov beans trades from 3 3/4c to 4c. March wheat /corn trades from 1.64 3/4c to 1.62 1/2c. March/May wheat trades from 2 3/4c to 3 1/4c. PALM OIL March palm oil closed off 72 ringgits. Ahead of Malaysian Palm Oil Board data to be released on 10 Jan., analysts are expecting Dec. production at 1.34 mmt, down 13% vs. Nov. Dec. soyoil ending stocks are expected at an estimated 2.06 mmt, down 8.5%...
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.