SPREADS Dec. crush trades to 1.02c/bu while oilshare trades below 32.0% to 31.38%. Bull spreads are firmer with Dec/Dec corn trading into 10 1/4c from 11 1/2c, while Dec/March trades from 9 1/4c to 9 3/4c. Nov/Jan beans trades from 3 3/4c to 4c, while Jan/March inverse is a firm 6 1/4c from 6c. Dec wheat/corn trades from 1.94c to 2.05c. Dec /March wheat trades into 5c from 6 1/4c. PALM OIL Dec. up 13 ringgits with the latest USDA attache report from Malaysia forecasting 20/21 palm oil production falling by 1.0 mmt to 19.7 mmt, due to Covid labor shortages. NEWS Stocks are up over 200 pts as President Trump seems to be on the mend and there could be an announcement for a stimulus package o...
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.