SPREADS August crush trades to 96.23c/bu while oilshare trades to 45.66%. July/Dec corn inverse trades to 1.24 1/2c, while the Sep/Dec inverse trades from 12 1/4c from 15 1/4c. Sep/Dec meal trades from $3.70 out to $4.90 carry. August /Nov bean inverse trades from 37 1/2c inverse from 43 1/4c. Dec wheat/corn trades from 97 3/4c to 98c. NEWS Stocks were down 33 pts during the evening with crude oil trading to $73.85/barrel, and the US dollar to 92.57. CALLS Calls are as follows: beans: 25-30 higher meal: 6.00-7.00 higher soyoil: 60-80 pts higher corn: 3-4 higher wheat: 5-7 higher TECHNICALS November Beans: Overall the market is in a large chop sideways, and b...
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.