SPREADS May crush trades top 96.55c/bu, lower than the spike high trade above 1.00c/bu this week. Oilshare falls to 32.18% as prices respond to lower palm, crude, and canola. The lack of corn deliveries finds March/May corn trading to 3c inverse from 1 1/4c. July/Dec trades from 1/4c to 1 1/4c carry. July/Nov beans trades from 3 1/2c out to 6 1/4c. May wheat/corn trades from 1.35c to 1.37 1/4c. PALM OIL May down 74 ringgits at 2,450 ringgit/mt. Cash traded lower at $27.50/mt. Ahead of the monthly Malaysian palm oil board data on March 10, estimates are for stockpiles to be down 1.4% from Jan numbers, with production in Feb higher at 1.28 mmt, up 9.8%. NEWS Equities are still weak with a s...
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.