Soybeans Last week was another boring one for soybean trading. Brazil’s market is at a standstill with almost no trades, despite some cargoes for September and October FOB. Chinese buyers are totally silent since they have zero or negative crush margins, leaving no company willing to take the risk of buying. The ongoing trade war adds another huge dimension of uncertainty as its intensity seems to gyrate daily. In the meantime, Chinese crushers have plenty of soybeans in stocks at ports plus big shipment volumes arriving that were shipped in July. The market believes that Chinese crushers are fully covered for August, and almost covered for September. From October onwards they are widely open, but they still have time and things can...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.