SPREADS Jan crush trades lower at 94c/bu while oilshare trades down to 33.41%. Dec/March corn trades out to 9 1/4c from 8 3/4c while Dec 19/Dec 20 corn trades 22 3/4c to 23 1/2c. Dec wheat/corn trades from 1.32 1/2c to 1.30c. Dec/March meal trades from $5.10 to $5.30. PALM OIL Jan palm oil down 38 ringgits. SGS forecast palm oil exports for first half Nov at 677,616 my, up 2.8% from first half Oct. NEWS Stocks are higher, up 80 pts while crude trades at $57.12 /barrel high. The US dollar weakens down to 98.09. CALLS Calls today are as follows: beans: 1 1/2-3 higher meal: 1.80-2.00 higher soyoil: 10-12 lower corn: steady wheat: 1...
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.