SPREADS August crush trades to 95c/bu while oilshare trades to 46.76%. Sep/Dec corn trades up to 4 1/2c from 3 1/2c while Dec/March carry trades from 7c out to 7 1/2c. Sep/Dec wheat trades from 8 1/2c out to 9c. Dec wheat/corn trades from 1.52 1/2c down to 1.44 1/2c. Sep/Dec meal trades from $4.50 into $3.40. August/Nov bean inverse trades from 48 1/4c up to 52c, closing at 50 3/4c. Sep/Nov bean inverse trades from 7c to 9c. PALM OIL October palm oil prices closed 36 ringgits lower down to 4,113 ringgit/mt. NEWS Stocks are 44 pts in quiet trade as crude oil trades back below $70/barrel to $69.86/barrel. The US dollar trades down to 92.63. CALLS Calls are as follows: b...
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.