SPREADS Dec crush trades higher to 1.11c/bu, which will incentivize crushers to do all they can. Oilshare trades higher to 47.0%. Dec/March corn trades from 7 1/4c to 8 1/4c while Dec 21/22 trades from 13 1/4c down to 11 1/4c. Nov/Jan bean carry trades from 9 1/2c to 10c. Nov 21/22 trades from 13 1/2c to 8 3/4c inverse. Dec wheat/corn trades from 1.88c to 1.96c. Dec/March wheat trades from 10c to 11c carry. PALM OIL Dec down 98 ringgits ending at 4,497 ringgit/mt. SGS forecast exports for palm in Sep at 1.705 mmt, up 43% from August of 1.191 mmt. Palm oil exports were 34% higher in Sep vs. month ago, according to data from AmSpec Agri. NEWS Stocks are 120 pts higher with crude at $74.23/b...
WPI recently completed an expansion of our methodology for estimating and forecasting U.S. and global soybean crushing margins. The new approach incorporates the energy market’s expanding influence on the oilseed sector and the structural changes in global biofuel demand. This report is i...
Reflect for a moment on what you eat. There is a lot of advice out there in the ether about what you should eat, but really, what do you currently eat and how much? The good people at the USDA have some data for you, to help you answer that question. USDA says that we eat quite a bit of meat. L...
Key Market Insights Macros: Inflation isn’t cooling — it’s moving higher again. March PCE inflation (Personal Consumption Expenditures index — the Fed’s preferred measure of inflation) rose 0.7 percent month-over-month, pushing the annual rate to 3.5 percent, the h...
An amendment to the U.S. House farm bill, aiming to remove the Save Our Bacon Act language in Section 12006 that would have stripped language to prohibit California’s Proposition 12, Massachusetts’ Question 3, and up to 500 state agricultural laws across the country, was blocked by...
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.