SPREADS October crush firm at 1.06c/bu while oilshare trends lower down to 32.11%. Dec 19/Dec 20 corn spread firms to 1/4c from 3/4c carry after trading out to a 7 1/2c carry from an inverse. Dec/March corn trades from 10 1/4c to 10 1/2c. September contracts continue to get liquidated or rolled forward, with Sep/Dec corn trading from 9 1/4c to 9 1/2c. Sep/Dec meal trdes from $5.00 to to $5.30. PALM OIL Sep closed up 10 ringgits. The gap-higher day yesterday with palm oil supported by reduced production ideas an increased Chinese demand for veg oil as their crush activity slows. NEWS Stocks are 232 pts higher this AM bouncing off the 25,000 level of trade. US dollar and energie...
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.