SPREADS October crush trades to 1.15c/bu while oilshare trades to 47.58%. Sep/Dec corn inverse continues to weaken, trading down to 2 1/2c from 3 1/4c, while Dec/March carry trades from 7 1/2c to 7 3/4c. Sep/Dec wheat trades into new lows at 10c carry from 9 1/2c. Dec wheat/corn trades from 1.36 1/2c to 1.31 1/2c. Sep/Dec meal trades from $2.00 to $2.80. August/Nov bean inverse weakens to 53 1/2c from 55 1/2c. Sep/Nov bean inverse trades from 5c down to 3 3/4c. PALM OIL October palm oil exports rose 46 riniggits, or 1.1%. July 1-25 production was down by 6% from the prior month on disappointing yields. NEWS Stocks are down 85 pts as earning's week rolls on and the Fed w...
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...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
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.