SPREADS October crush trades to 63.09c/bu while oilshare sits just under 35.0% at 34.48%. Nov/Jan bean spread firms into 3 12c from 4c as the bull market continues. Dec/March meal trades into $1.60 from $1.90. Dec/Dec corn narrows into 20 1/2c from 22 3/4c, and values that started the week at 27c. Dec/March wheat trades into 8 3/4c from 9 1/4c. Dec wheat/corn trades from 1.84 1/4c down to 1.81 1/4c. PALM OIL Nov. down 3 ringgits. Palm oil imports for August to India were off nearly 14% in YOY terms to 734,351 mt due in part to a slow return in demand from the food service industry. August soyoil imports fell 10.4% YOY to 394,735 mt. NEWS Stocks are higher, up 90 pts, with crude oil still strugg...
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.