SPREADS July crush firms to 1.03c/bu, with yesterday's NOPA numbers a record. Oilshare steadies at 30.15%. As prices drop, spreads have weakened. July/Dec corn now trades out to 8 1/4c from 7 1/2c, and values that were closer to even. July/Dec meal trades from $5.40 out to $6.30. July/Nov beans out to 14 1/2c from 11c. May wheat/corn trades from 1.42c down to 1.40 3/4c. PALM OIL Up 26 ringgits, cash $5.00 lower NEWS The stock market is attempting to hold on to PM gains, up 220 pts in the early going, but down from up 600 pts last night. Crude drops to lows at $28.47/barrel. The feature of the morning is the US dollar, which trades higher to 99.56. Retail sales drop...
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.