SPREADS July crush trades up to 91.39c/bu while oil share trades to new highs of 42.29%. Jul/Dec corn inverse trades up to 97c, new highs, from 90 1/2c, while May/July trades to 41c from 26 3/4c. July/Nov bean inverse trades up to 1.91c from 1.66 3/4c, big moves overnight. July/Dec meal inverse trades up to $21.80 from $17.40. July wheat /corn trades up to 89 3/4c from 73c. PALM OIL July crude trades 185 ringgits higher ending at 4.072 ringgits NEWS Crude oil rises to $62.74/barrel as OPEC prepares to meet regarding what could be upcoming demand, despite growing cases of coronavirus in India and Brazil. Equities are 13 pts lower. CALLS Calls are as follows: beans: 4-6 higher meal: 1.00-1.20 lower...
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.