SPREADS Today is day 5 of the Goldman Roll. July corn, meal, soyoil, wheat and bean futures now have higher open interest than in May contracts, as futures are rolled forward. July corn open interest now stands as the highest at 606,557, (May corn at 425,396 contracts). July bean open interest is at 285,144 contracts, vs. May at 210,310 and Nov at 220,957. July products and wheat open interest now also carry most contracts. July crush trades. to 54.94c/bu while oilshare trades to 39.10%. July/Nov bean inverse weakens to 1.32c from 1.34 3/4c, with May/July trading from 4 3/4c up to 7c. July/Dec corn inverse trades from 58 1/4c to 65 3/4c, while May/July firms to 14 1/4c from 13 1/2c. May/Jul...
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.