SPREADS Jan crush trades down to 98c/bu, under 1.00c/bu, around 40c off its highs. Oilshare trades down to 32.36% in a correction. Dec/March corn trades into 6 1/2c from 7c while the Dec/Dec inverse falls to 9 1/2c from 15 1/2c. Dec/March wheat trades from 4 1/2c carry to 5 1/2c. Jan/March bean spread trades out to 2c carry from 1/2c. Dec /March meal inverse trades down to $2.30 from $4.00. PALM OIL Feb. palm oil down 75 ringgits closing at 3,251 ringgit/mt. Cash offers were down $10/mt. SGS forecasts palm oil exports for Oct. 2020 at 1.714 mmt of product, up 6.9% vs. Sep. exports. NEWS Stocks are up 300 pts. as the promise of more vaccines appears ready to be approved. ...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.