SPREADS Sep. crush trades to 84.51c/bu while oilshare rises to 33.12% on higher energies and palm oil prices. Nearby spreads strengthen; July/August beans move into a small inverse while July/Nov strengthens to 2 1/4c from 3 3/4c. July/Dec meal trades into $6.00 from $6.90. Corn spreads are firmer as well with Jul/Dec trading into 10 3/4c from 12 1/2c, and July/Sep into 3 3/4c from 4 1/2c. Jly/Dec narrows into 13 3/4c from 14 1/4c. Sep wheat/corn trades from 1.54 1/2c down to 1.49 1/4c. PALM OIL Sep. trading up 106 ringgits to two month highs at 2,420 ringgits, its highest level since March 31. Cash for July delivered RBS palm oil and olein both traded up $25/mt at $632.50/mt and $635.00/mt...
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.