SPREADS July crush trades up to 64.02c/bu while oilshare trades higher, recovering losses to trade up to 39.52%. July/Nov bean inverse trades higher to 1.44 3/4c from 1.42c, while May/July trades up to 8c inverse from 7 1/4c. July/Dec meal inverse softens to $13.50 from $15.50, while May/July meal carry trades from $4.10 out to $4.60. July/Dec corn inverse trades from 62 1/2c up to 65 3/4c, while May/July trades from 13c to 13 1/2c inverse. July wheat/corn spread trades from 74 1/4c up to 80c. May/July wheat trades from 1c to 2c carry. PALM OIL Malaysian palm oil gained more than 3% Friday, with cash offers for RBD palm oil and olein ended up 120 ringgits at 3,710 ringgit/ton. NEWS Stocks are higher...
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.