SPREADS August crush trades to 85.22c/bu while oilshare firms to 32.99%. The July roll officially begins on Friday. On corn weakness this morning, July/Dec widens back out to 14 1/2c from 13 1/2c, while Jul/Sep trades out to 4 3/4c from 4 1/4c. July/Dec meal widens back out to $8.80 from $8.50. July/Nov beans firmed into 9c yesterday, and trades from 9 1/2c to 10 1/2c this morning. PALM OIL August crude closed up 59 ringgits higher, up 2% to a two-month high close Wed. on lower than expected May production and higher crude oil prices. SGS forecast their estimate of palm oil exports in May at 1.246 mln mt, up 4.4% from mo ago. NEWS The Dow is higher, up 175 pts, with crude oil advancing to...
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.