Old crop wheat prices have been depressed for months now, mainly due to exporters’ big long positions and slow, small Brazilian demand. Argentine wheat is the most competitive to Brazil by far as prices can rise $20-30/MT and still be cheaper. However, one factor has not allowed prices to heat up. Soybeans Argentina The crop is slowly coming to the end as farmers have harvested 96 percent. Of the remaining balance, 30 percent is in the region west of Buenos Aires and La Pampa with excess water; 30 percent is in the northern provinces where crops are under normal conditions; and 14 percent is in the area south of Buenos Aires with the rest distributed across several parts of the country. Production has reached more than 55 MMT to date, an...
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...
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...
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s Ministry of Supply reports that it will begin the sale of imported wheat through the Egyptian Mercantile Exchange. Sales are expected to be mainly to private-sector flour mills and are intended to stabilize wheat and...
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.