SPREADS Dec crush firms to 89.40c/bu while oilshare drops to 33.72%. Dec/March corn spread continues to firm, narrowing into 8 1/4c from 8 3/4c, and values that were as wide as 13c at one point. Firm cash and lack of farmer selling allows the spread to firm, providing spillover strength to Dec 19/Dec 20 corn, though it weakens back out to 17 1/4c from 15 1/4c. Dec wheat/corn trades from 1.19 1/4c to 1.17c. Dec /March meal trades from $6.10 to $6.20. Nov/Jan trades at 15c on this first day of delivery for Nov ctrs. Jan/March trades from 12 1/4c to 13c. PALM OIL SGS pegged palm oil product exports for Oct. at 1.522 mmt, up from the Sep est. at 1.327 mmt. NEWS The Do...
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.