SPREADS March crush trades lower to 94.77c/bu while oilshare trades to 32.59%. The July/Dec corn inverse closes into recent highs of 23 3/4c from 21c. March/May corn trades from 2c into 1 1/2c carry. Jan/March beans trade from 4 1/2c into 3 3/4c, while Jan/March meal trades into a small inverse. March wheat/corn trades from 1.75 1/4c to 1.64 1/4c. PALM OIL March up 10 ringgits. Malaysian Palm Oil Board reported the gov. has increased its Jan. palm oil export tax to 8.0%, the maximum rate, from 6.5% in Dec. The Malaysian Palm Oil Council sees 2021 global production expanding to 78.4 mmt, up 6% from 2020 levels. The Council saw China's 2021 consumption slightly decreased to...
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.