SPREADS Jan crush trades to 98c/bu while oilshare firms again to 33.79%. Dec/March volumes increase as we approach first notice day at the end of the month for Dec futures. Dec/March corn trades back out to 9 3/4c, while Dec 19/Dec 20 trades out to 25 3/4c from 24 1/2c. Dec/March meal trades from $5.50 to $5.80. Dec/March wheat trades from 3c to 3 3/4c. Jan/March beans trades from 12 1/2c out to 13c. PALM OIL Feb up 25 ringgits. Malaysia's Ag Minister indicated it will enforce regulations to ensure that by 2021 its palm oil meets new food safety standards under consideration by the EU. NEWS Stocks are higher, up 50 points, while crude trades to $57.11/barrel highs, and the US...
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.