SPREADS March crush margins still remain good at 1.00c/bu, while oilshare begins to firm off its corrective phase at 33.86%. Dec/March corn trades back out to 11c in heavy volumes. Dec/March Chicago wheat trades briefly to a 3/4c inverse yesterday, and trades from 1/4c to 1c today carry today. Dec wheat continues to gain on corn, and Chicago wheat on KC. March wheat/corn trades from 1.53c to 1.54c. March/May corn trades from 5 3/4c to 6c. Jan/March beans trades out to 14 1/2c from 14 1/4c while March/May meal trades $3.60 to $3.80. PALM OIL Feb up 14 ringgits, coming back at the end of the day. India not buying and China claiming they have enough to head into the L...
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.