SPREADS July crush trades to 84c/bu while oilshare trades higher to 42.25%. Spreads remain strong with July/Nov beans closing at the highs of 1.95 1/2c inverse, though May/July trades from 49c down to 39c as we head into first notice day. July/Dec corn inverse remains firm trading from 92 1/4c from 1.05c, and values that reached 1.09c yesterday. May/July corn inverse trades down to 42 1/4c from 48 3/4c. July/Dec meal trades from $21.90 inverse down to $20.20. July wheat/corn trades from 79 1/4c to 76c. PALM OIL Holiday NEWS Stocks are up 140 pts. as jobless claims dropped by 13,000 last week to 553,000, the lowest level since the pandemic hit last March, and another sign of recovery. Crude oil climbs...
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.