SPREADS May crush is lower at 89.53c/bu while oilshare values congest just under 34.0% at 33.98%. Jly/Dec corn trades from 2 1/4c to 3c while March/May trades from 4 1/2c to 4 3/4c. March/May wheat trades from 1.85 1/4c to 1.82 1/4c. July/Nov beans trades from 6 1/2c out to 8c. PALM OIL April up 38 ringgits after prices hit the lowest levels yesterday since Nov. 8, and is off almost 20% since the highs on Jan 10. Malaysian Primary Industries Minister said the gov. expects B20 biodiesel blending program to be fully implemented by mid-2021, absorbing 543,000 mt of palm oil / year. The ministry acknowledged it will continue towards testing B30 blend rates starting in June. NEWS Stocks are lo...
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.