The Brazilian market quickly became stronger last week. Two factors drove basis higher, especially in the CNF market where the most liquid position has been August. Soybeans The Brazilian market quickly became stronger last week. Lack of farmer selling and trading houses’ short positions drove basis higher, especially in the CNF market. The FOB market remains very quiet, much as it has been all year, with sellers showing offers just on the spot despite short pre-advice. Demand remains focused on the spot market as well, although it is always slightly more deferred than the offer side.In the CNF market, the most liquid position has been August. After trading at $1.22-1.25Q CNF North China just two weeks ago, basis rose quickly to $1.35-1.3...
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.