SPREADS July crush margins jump to 1.17c/bu while oilshare trades under 29% to new lows at 28.91%. July/Nov beans firm to a 10 1/4c inverse from 3c, and from levels that were out to a 14 1/2c carry. Jul/Dec meal inverts to $11.80 from $8.70. July/Dec corn weakened out to 15c from 13 3/4c. May/July inverts to 6c from 1 3/4c. May wheat/corn trades up to 2.13 3/4c from 1.99 3/4c. PALM OIL June palm oil down 5 ringgits. SGS stated their palm exports for March will be delayed due to the gov. ordering the shut-down of most businesses due to coronavirus. NEWS Stocks swing from sharp losses overnight to higher values this morning, up 340 pts. Crude oil pops off its low of $20.80 to tr...
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.