Bumper corn and soybean crops along with low prices have caused Brazilian farmers to hold back a larger-than-normal share. Largely limited to using silo bags, one crop is favored because of several factors. Indian Vegoil Imports Rose Sharply in May In a Bloomberg survey of five oilseed industry officials, the average estimate of India’s vegoil imports in May was 1,322,000 MT, a 29 percent increase compared with 1,024,878 MT in May 2016 but less than the 1,339,489 MT imported in April 2017. Last month’s palm oil imports were estimated at 798,000 MT, a 21 percent increase compared with 657,454 MT in May 2016. Meanwhile, soyoil imports were 91 percent higher at an approximate 340,000 MT with sunflower oil imports at about 155,000 MT versus 1...
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
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.