SPREADS August crush trades to 1.13c/bu while oilshare trades to 46.54%. Jul/Nov bean inverse sits at 46 1/4c to 49 3/4c, while August/Nov firms to 28 1/4c from 27 1/4c. Sep/Dec meal trades into $1.80 carry from $2.40. Jul/Dec corn inverts to ctr highf of 1.50c from 1.41c, while Sep/Dec trades from 13 1/4c down to 10 3/4c. Dec/March wheat trades from 7c to 7 1/2c carry. Dec wheat/corn trades from 1.08 3/4c to 1.11 1/2c. PALM OIL Sep. up 44 ringgits to close at 3,597. India's gov. moved to lower crude oil import tax to 10% from 15% for the next 3 months. Intertek forecast exports for June at 1.519 mmt, up 7.1% from their 1.418 mmt est. at the end of May. NEWS The stock market is lowe...
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.