SPREADS May crush falls to 91.94c/bu while oilshare is lower, trading down to 31.38%. Spreads weaken with July/Dec corn trading out to 4 3/4c from 3c, and March/May down 1 1/2c from 3c inverse. July/Nov beans trades to 7 1/2c. July/Dec meal trades out to $4.80 from $3.70. May wheat/corn trades at 1.36 1/2c. PALM OIL Malaysian cash offers down $32.50/mt NEWS Global stock markets are lower as crude oil prices trade below $30/barrel as Saudi Arabia, and Russia are locked in a price war as both attempt to defend market share. Crude trades to new lows at $27.34/barrel, while the US dollar trades to 94.72. CALLS Calls are as follows: beans: 17-19 lower meal: 3.80-4.00 lower soy...
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.