SPREADS Corn spreads have firmed with Sep/Dec corn trading into 8c from 8 1/2c. The Dec/Dec corn inverse is weaker, however, trading from 17 1/2c down to 11 1/2c, close to trading range lows, and well off the highs at 52c. Sep/Dec wheat trades from 10 1/2c to 11 1/4c. Sep/Nov beans narrow into 12c from 12 1/4c. Sep/Dec meal trades out to $4.90/$5.00 carry. Sep crush trades down to 92c/bu while oilshare firms to 31%. PALM OIL - closed up 12 ringgits. SGS pegged Malaysian palm oil exports over the July 1-20 period at 926,257 tmt, up 3.2% over their June 1-20 export estimate. NEWS The Dow is up with firmer equities across the board. CALLS: beans: 1-3 lower mea...
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.