SPREADS October crush trades top 1.06c/bu while oilshare trades to 31.94 percent. Traders continue to buy soyoil/sell meal. Dec19/Dec 20 corn now trades at a 2 3/4c to 5 1/4c carry from an inverse that once reached 52c. Dec/March corn trades from 10 1/2c to 10 3/4c. Dec wheat/corn trades from 79 3/4c to 77 1/2c. Nov/Jan beans trade from 13 1/4c to 13 1/2c while Dec/March meal trades out to $5.40 from $5.30. NEWS Stocks are less red today. Crude oil places new highs at $55.53/barrel after breaking hard yesterday, with the US dollar undergoing a round of profit-taking. CALLS beans: 5-6 higher meal: 1.80-2.00 higher soyoil: 10-12 higher corn: &nbs...
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.