SPREADS July crush trades down to 1.12c/bu while oilshare sells off to 29.79%. Bullspreads remain firm with July/Dec corn trading into 8c from 9c, and May/July corn into 3 1/2c from 3 3/4c. July/Nov bean inverse weakens to 2c from 5c on liquidation. July/Dec meal also weakens this AM, trading down to $4.10 from $5.40. May/July wheat trades from 2.17c down to 2.06c. PALM OIL June down 30 ringgits, or off 1.28%, its third day of losses. Demand concerns and forecasts for better March production are negatives. NEWS Crude trades to $22.10/barrel as indications from Trump are that Saudis and Russia can make a deal. The US dollar trades up again to 99.91 as money continues to find a safe h...
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.