SPREADS July crush trades down to 1.02c/bu, while oilshare trends higher to 30.74%. July/Nov beans trades from back out to a 3 1/2c carry from an inverse. July/Dec meal also loses its inverse and trades back out to a $1.40 carry. May wheat/corn trades from 2.25c up to 2.32c. July/Dec corn trades from 12 3/4c to 14 1/4c, while May/July trades from 5 1/2c to 6c. PALM OIL Palm up 0.5% after declining 1% in early trade, ending up 12 ringgits in June, as cargo surveyor data showed better-than-expected exports for the first five days of this month. Ahead of this week's Malaysian Palm Oil Board data, analysts are forecasting March ending stocks at 1.65 mmt, down 1.9% from Feb, and if realize...
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.