SPREADS July crush trades to 64.80c/bu while oilshare trades to 40.93%. Jly/Dec corn trades above 70c to 75c inverse, and pullbacks could continue to see buying interest for further highs. Jul/Nov bean inverse trades up to 1.78c from 1.68 1/2c in strong tech action. July /Dec meal inverse trades up to $18.10 from $16.30. July wheat/corn trades from 64 1/4c to 68 1/2c. PALM OIL June up 99 ringgits to end at 3.993 ringgit/mt. NEWS Stocks are 19 pts lower as jobless claims were down 39K to 547K in April, a new post-pandemic low. Crude oil prices test $60/barrel as concerns continue over rising covid cases in Japan and India. The US dollar falls to 91.0. CALLS Calls are as follows: beans:&...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
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.