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...
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.