SPREADS May crush trades to 93.13c/bu while oilshare trades to 31.50%. Nearby corn spreads continue firm with July/Dec trading into 1c from 2c carry. March/May corn closes at a 3c inverse from 2 3/4c. July/Nov beans narrows into 6c from 7 3/4c. July/Dec meal trades from $4.50 out to $5.00. PALM OIL Malaysian Palm Oil Board data shows Feb ending stocks at 1.681 mt, down from 1.744 mt and below expectations at 1.755 mt, with year ago numbers of 3.045 mt. Exports were 1.083 mmt, vs. 1.282 mmt and below expectations at 1.213 mmt. Cash offers up higher, up $7.50/mt. NEWS Stocks are up 800 pts at this writing, with crude oil trading up to highs of $34.60/barrel. &...
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.