SPREADS May crush trades top 1.01c/bu, while oilshare is firmer at 32.41% as soyoil gains this morning. March / May corn trades to a 1c inverse, ctr highs on the lack of corn deliveries. July/Dec corn firms to 1/4 to 1c carry. March/May wheat trades at a 3c carry. May wheat/corn trades from 1.56c to 1.45c. July/Nov beans trades from 5 1/4c to 6 1/4c, continuing to strengthen. March/May meal firms to $4.80 from $6.20. PALM OIL May up 123 ringgits higher, with cash up $17.50/mt. NEWS Equities continues to bounce today, taking back major losses from yesterday, up over 600 pts. Commodities are firmer with crude back to $48.22/barrel highs, and the US dollar firmer at 97.11.&...
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.