SPREADS September crush trades to 1.22c/bu while oilshare trades to 46.74%. August / Nov bean inverse trade from 48c to 54 1/2c while Sep/Nov trades from 8 1/2c up to 11c. Sep/Dec corn trades from 13c to 12c inverse, while Dec/March corn trades from 7 1/2c to 8c carry. Dec wheat/corn trades from 1.05 1/2c to 1.03 1/4c. Sep /Dec wheat trades from 8 3/4c to 9 1/2c carry. PALM OIL Sep. closed down 28 ringgits ending at 3,864 ringgit/mt. With international traders anticipating large palm oil demand from India, after the gov. there lowered import taxes, palm oil prices jumped 6% higher. Malaysian Palm Oil Board data released forecast ending stocks for palm at the end of June at 1.61 mmt, the hig...
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.