SPREADS Nov crush trades 97.19c/bu while oilshare trades down to 32.74%. Corn spreads are slightly weaker with Dec/Dec trading out to 19 1/4c from 17 1/4c, and Dec/March from 9 1/4c to 9 3/4c. Nov/Jan bean trades from 4c to 4 3/4c, while Jan/March inverse falls to 5 1/4c from 6 1/2c, and vs. levels at 9 1/4c. Dec/March wheat trades from 7 3/4c to 8c. Dec wheat/corn trades from 1.85c to 1.90 3/4c. PALM OIL Dec. down 96 ringgits, or down 7.2% so far this week. The research head of the Sunvin Group called the downturn that of profit-taking, and correcting its spread against competing soyoils. NEWS Stocks are higher this morning up 189 pts with crude oil trading to $40.15/barrel. The US dolla...
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.