GOOD MORNING, The main trend that started last week, namely firm bean and soyoil trade, continued in the PM session trade. Bean prices continue to see support from more Chinese buying of US cargoes, while soyoil gets support from talk of possible coronavirus aid for the biofuel sector, and a strong palm oil trade. Oilshare is sharply higher this morning. Officially declared bean sales to the USDA for China and unknown destinations for 19/20 and 20/21 now total 1.52 mmt, or 32 cargoes. AgriCensus stated that the number of bean cargoes sold is probably higher than that. China's reiterations that they would honor the Phase One deal, (though US beans are indeed much cheaper than Brazil), keeps prices...
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.