SPREADS October crush trades firmer to 1.10c/bu while oilshare trades firmer at 32.72%. Corn spreads are firmer with Dec/March trading into 11 3/4c from 12 1/4c. Dec 19/20 corn trades from 35 1/4c new lows into 33 1/4c. Nov/Jan beans narrow into 13 3/4c while Dec/March meal trades into $4.20 from $4.40. PALM OIL Malaysian palm oil rose to 6-month highs as Sep. production is in question. August 1-20 Malaysian palm oil exports are estimated to be up 6-8 percent from the prev. month period. NEWS Stocks are higher, trading up 50 pts., while jobless claims decreased last week down 12,000 to 209,000 for the week ending Aug. 17, as reported by the Labor Dept. REPORTS Export sales:...
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.