The overnight session was relatively quiet with barely average trading volumes and prices that were mixed but without much change. Then today it was the surging wheat market that blew wind in the corn market’s sails along with forecasts for still dry but warmer weather to follow into mid-June. General Comments The overnight session was relatively quiet with barely average trading volumes and prices that were mixed but without much change. Soybeans and Chicago wheat were a few pennies higher. Meanwhile, corn was fractionally lower, a mild response to the 3 percent increase in the amount of corn rated good/excellent in USDA’s weekly crop condition report of late yesterday afternoon. USDA will not begin its weekly soybean crop ratings until...
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.