SPREADS March crush trades at 1.04c/bu while oilshare trades to 35.80%. July/Dec corn trades from 1c to 1 3/4c while March/May trades closed at 6 3/4c. March wheat/corn closed at 1.53 1/2c. PALM OIL March closed 80 ringgits higher. The Malaysian Palm Oil Association said production fell 16.4% during the period Dec 1-20, worse than the expected 15%. NEWS Stocks are 25 pts higher while crude oil trades to $61.54/barrel and the US dollar is weaker at 97.59. CALLS Calls today are firmer: beans: 1/2 -1 higher meal: .30-.80 higher soyoil: 10-15 higher corn: 1/2 higher wheat: 1/2-1 higher TECHNICALS March Wheat: Prices are sideways from $5.25-$5.56. Triple lows d...
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.