SPREADS Sep crush is lower trading down to 96c/bu, new lows for the move down after prices had stabilized at 1.00c/bu. Oilshare sits at 31.11%. Corn bull-spreads are firmer today with Sep/Dec trading to new highs at 3 1/2c vs. 4 1/2c. Dec/Dec corn meanders from 19 3/4c to 21 3/4c. Strong cash values support the nearby corn spread. August/Nov beans firm to 18c from 18 1/2c while Sep/Dec meal trades from $4.90 out to $5.20. PALM OIL - August 2 ringgits higher NEWS The Dow was trading 104 pts higher at the beginning of the day as further interest rate cuts are expected to take place. Buy energies/sell the US dollar continues, as a storm in the Gulf of Mexico is positive for crude (platf...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.