SPREADS July crush margins continue to fall, now trading below 1.00c/bu to 98.48c/bu. July oilshare firms to 31.36%. July/Dec corn strengthens from its lows of 15c to 14 1/2c, while May/July trading from 5 1/2c from 6c. July/Nov bean spread trades out to 4 1/2c carry from 3 1/4c, and values that were at an inverse last week. May/July beans trades out to 6 1/4c from 5 1/2c. July/Dec meal widens out to a $3.40 carry from $2.60. May wheat/corn sees a correction, trading down to 2.19c from 2.24 3/4c. PALM OIL June up 65 ringgits. Ahead of this week's Malaysian Palm Oil Board data release, analysts are forecasting March ending stocks at 1.65 mmt, down 1.9% from Feb., and if realized would...
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.