SPREADS March crush trades to 63c/bu while oilshare trades at 31.55%. July/Dec corn is slightly weaker trading down to 71 1/4c from 77c. March/May corn widens from 2 3/4c to 3 1/2c carry. March wheat/corn trades from 1.39 1/2c up to 1.57 1/2c. July/Nov beans trades from 2.18c down to 2.03c. March/May meal trades from $5.30 down to $4.10. PALM OIL March down 102 ringgits, pressuring soyoil futures this AM. NEWS Stocks are down 209 pts with crude oil trading down to $52.63/barrel. The US dollar trades to 90.22. CALLS Calls today are as follows: beans: 8-10 lower meal: 2.80-3.00 lower soyoil: 50-60 lower corn: 1-2 lower wheat: 8-10 higher canola: .80-.90 lower BUSINESS...
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.