SPREADS Sep. crush trades down to 82.30c/bu while oilshare trades up to 32.80%. Nearby spreads remain firm. Jul/Dec corn narrows into 12 1/2c from 13c, while July/Sep trades from 4 3/4c to 5c. July/Dec meal narrows into $6.90 from $7.40. July/Nov beans firms into 4 3/4c from 5 3/4c. Sep wheat/corn trades from 1.58 1/4c to 1.56 1/2c. PALM OIL Ends flat on more expectations for a second wave of the virus. NEWS Stocks are 185 pts lower with the US dollar trading up to 97.38. Crude oil trades to $38.53/barrel. 1.5 mln laid-off workers sought jobless aid, an 11th straight weekly drop as the economy increasingly opens. CALLS Calls today are as follows: beans: 1 1/2-2 higher meal: ...
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.