SPREADS May crush falls to 63.46c/bu while oilshare falls to 33.58%. Inverses are weaker with May/July corn trading to 10 1/4c from 11 1/2c, and July/Dec down to 81c from 85c. May/July wheat inverse trades from 15 3/4c to 13 3/4c. March wheat/corn trades from 1.03 3/4c down to 95c. July/Nov beans trade from 1.85c down to 1.79 1/4c, while March/May trades from 4c to 3 1/4c. PALM OIL April down 162 ringgits to 3,229 ringgit/mt. Traders report that the sharp fall was on news that India would hike an import duty. NEWS Stocks are down 22 pts in quiet trade with crude oil trading to new highs at $55.36/barrel, while the US dollar trades up to 91.30. ADP reported the December total job los...
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.