Based on CNF prices, Brazil's soybeans traded for June at $1.06N China and for July at $1.17N. Eexporters there are checking export margins daily to determine if it is better to sell corn or soybeans, but both suffer from the same problem. Soybeans Argentina The soybean harvest is approximately 92 percent complete, totaling 53.5 MMT to date with an average national yield of 3.2 MT/hectare. As a result, experts maintain their projections of 57.5 MT for the 2016/17 campaign, 1.5 MMT more than the last campaign and the second-biggest crop in Argentine history after the 61.5 MMT in 2014/15. The remaining area to be harvested is mainly to the center and south of Buenos Aires and the northern provinces (Salta Tucuman, Santiago del Estero, Chac...
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.