SPREADS The May/July Chicago wheat spread is beginning to invert once more, trading from 3-4c. July/Dec corn trades out to 19c from 18 1/4c. July/Nov beans narrows into 4 1/2c from 6 3/4c. May/July meal trades out to $5.50 from $4.60, while July/Dec trades from $5.20 from $6.00. PALM OIL July up 53 ringgits, or 2.6%. Palm oil climbed higher following soyoil futures and a slightly improved pace of exports. Intertek estimated palm oil product exports during April at 1.174 mln mt, up 3.8% vs. March. NEWS Stocks are down 250 pts as more than 3.8 mln laid-off workers have applied for unemployment benefits last week as the US economy slides further into a crisis that is the worst since the 1930's.&nb...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Key Takeaways: The agricultural trade surplus has become a sizable deficit: the balance swung from a $40.1 billion surplus in 2011 to a $40.7 billion deficit in 2025. Imports kept growing while exports lost momentum: between 2020 and 2025, agricultural imports increased 45 percent, compa...
USDA released its October Cattle on Feed report Friday, showing 11.4 million cattle in feedlots with capacity for 1,000 head or more, slightly below last year. September placements were the lowest for the month since records began in 1996, marking the third consecutive month of placements sett...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
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.