Markets were quiet much of the Thursday night session, but they gained a little steam early this morning and closed higher. USDA's announcement of a sale to Spain then perked up the soybean market today, while corn received some negative news. General Comments Markets were quiet much of the Thursday night session, but they gained a little steam early this morning and closed higher. The weekly export sales report, delayed one day because of the Memorial Day holiday, showed strong wheat and soybean sales. In addition, USDA announced the sale of 200,000 MT of soybeans to Spain. That perked up the soybean market enough to finish 6.5-9 cents higher, while wheat and corn struggled to hold smaller gains.Weather is starting to become an issue acr...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
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.