SPREADS March crush trades down to 98c/bu while oilshare is still firm at 34.53%. The January roll continues with Jan/March beans trading out to 14 1/2c from 13 3/4c, and March/May from 13 1/4c to 13 3/4c. March/May corn weakens out to 6c from 5 3/4c, while Dec/March trades out to 13 3/4c before closing at 11 3/4c. March wheat/corn trades from 1.51c down to 1.43 1/2c. March/May meal trades from $3.20 out to $3.70. PALM OIL Feb. down 21 ringgits and cash off $10/mt to $712.50/mt. Prices are lower in early trading and could cool off even more after running ahead of fundamentals, CGS-CIMB stated. NEWS Stocks are 27 pts lower as the trade awaits the Fed decision about intere...
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.