SPREADS October crush trades at 1.09c/bu while oilshare is slightly weaker at 2.78 percent. Dec/March corn trades from 12 1/4c to 12 1/2c, while Dec 19/20 corn narrows into 27 1/4c from 30 1/2c, and values that were at 34c a week ago. Nov/Jan beans trades from 13 3/4c out to 14c carry. Dec wheat/corn trades from 96 1/4c to 95 1/4c. Sep/Dec wheat trades from 6 1/4c out to 7 1/4c, while Dec/March trades from 7c to 7 1/4c. PALM OIL October closed up 19 ringgits. Indonesian palm producers are concerned about drought impacting their crop. Drought has hit a large part of the islands as a mild El Nino affects the weather pattern. Palm prices are up 10 percent since July. NEWS Stocks were h...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
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...
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.