SPREADS October crush trades higher at 1.04c/bu while oilshare is steady/better at 31.84 percent. Dec/March corn trades from 10 1/4c to 10 3/4c, closing at 10 1/2c. Dec/Dec inverse falls to 1 1/2c, vs. 10c before the downturn. Dec wheat/corn trades from 80c to 81 3/4c. PALM OIL - September down 4 ringgits - - China could start to cover business in the next few weeks. NEWS Stocks started the day higher but are down 17 pts as a general air of liquidation takes place after the much-awaited Fed decision yesterday. Flight to safety now is in the US dollar, which trades to new highs at 98.93. REPORTS Export Sales: Beans: 18/19 net 143,100 tmt and 19/20 net 305,500 tmt (vs. an expected 1...
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.