Note that there will be no Technical Perspectives reports on 24 and 25 December. SPREADS March crush trades to 1.08c/bu while oilshare trades to 32.73%. July/Dec corn inverse is into new contract highs at 26 1/4c from 24 1/4c. March/May corn trades into 3/4c from 1 1/4c. March/May wheat trades into a 3c inverse from even. March wheat/corn trades from 1.79c from 1.71 1/2c. Jan/March beans trades into 2c from 2 3/4c, while March/May meal trades up to $4.40 inverse from $2.50. PALM OIL March up 124 ringgits. Malaysian palm futures reverse course to jump over 3% tacking on gains as the strike continues in Argentina. NEWS Stocks are up 80 pts with crude oil trading firmer to $47.36/barrel.&nb...
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.