SPREADS July oilshare trades to lows of 29.78%, while crush trades to 1.09c/bu on good meal demand. The July /Nov bean spread rallied 14c in 3 days off its low and is trading from 2 1/4c top 2 1/2c. July/Dec corn trades into 9 1/2c from 12 3/4c, while May/July trades into 4c from 5 1/4c. July/Dec meal trades at an inverse from $7.00 to $4.80. May wheat/corn trades from 1.95 3/4c to 1.85 1/4c. PALM OIL June up 68 ringgits. AmSpec Malaysia forecast palm exports over the March 1-20 period at 654,440 mt, down from their Feb 1-20 est. at 819,653 tmt. The market settled higher in spillover strength from higher crude and equities, and not driven from fundamentals. NEWS Global stocks are higher...
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.