The looming USDA reports and weather uncertainties are combining to constrain trading in grain and soy futures. The general quiet trend continued during today's session in much the same fashion as it did Tuesday. General Comments The looming USDA reports and weather uncertainties are combining to constrain trading in grain and soy futures – at least until the former are released at noon (EDT) Friday. This was evident overnight. Prices for corn, soybeans and winter wheat were just slightly higher in dull, low volume action. The exception, as it has been for the past few weeks, is MGEX spring wheat futures. They resumed their march toward higher levels with the new crop September contract finally penetrating the $7.00 mark. Open interest fo...
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.