In Argentina, there is a rapid heat up in soybean basis. 20 days ago, cargoes traded at a negative level of 9 SN below CBOT. This week trades are being made at 5 SN for May and 7/8 for June and July. Soybeans In Argentina, there is a rapid heat up in soybean basis. 20 days ago, cargoes traded at a negative level of 9 SN below CBOT. This week trades are being made at 5 SN for May and 7/8 for June and July. Meanwhile, Brazil has become more expensive every day over the last month and less competitive compared with Argentina (almost a 40-cent gap today - see chart below). Demand has arrived at this market. After several cargoes traded, mainly CNF, sellers backed off a bit, raising CNF levels while the FOB market has dried up. The Argentine p...
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.