SPREADS March crush drops back below 1.00c/bu to trade to 97.31c/bu, while oilshare trades slightly lower to 36.32%. March/May beans trade from 12 3/4c to 13 3/4c. July/Dec corn continues to have a small carry out to 2 1/2c. PALM OIL Up 74 ringgits higher, with cash up $12.50/mt. Higher palm will support soyoil futures at the open, which in turn could bring support to beans. India lowered its import tariffs on both crude and refined veg oils, setting the stage for further imports from both Malaysia and Indonesia. NEWS Stocks have been trading higher all night, from 150 pts up to 172 pts. Commodity prices are firm in spillover, with crude trading to higher of $61.60/barrel. The big...
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.