SPREADS October crush is 1.09c/bu while oilshare is slightly lower at 32.63 percent. Dec/March corn trades from 12 1/2c to 12 3/4c while Dec 19/20 spread trades out to new lows at 35 1/2c. Dec wheat/corn trades from 92 1/2c to 98c. Nov/Jan beans trades out to 14c from 13 3/4c. Dec/March meal trades from $4.30 to $4.50. PALM OIL Up 34 ringgits NEWS The stock market opened up 250 pts as the money flows are back to buying equities and selling commodities. The US dollar is firmer at 98.29. CALLS Calls today are as follows: beans: 3-5 higher meal: 80-1.00 higher soyoil: 15-20 higher corn: 1 higher wheat: 2 1/2-3 lower canola: 1.00-1.20 higher BUSINESS USDA rep...
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.