While wet fields have prevented farmers from planting canola in parts of Alberta and Saskatchewan, there is now a growing threat to the crop in southern Saskatchewan and southwest Manitoba. China’s Record Soybean Imports in May China imported a record 9.59 MMT of soybeans in May, according to its customs office. That was 19.6 percent higher than the 8.02 MMT in April and 25.2 percent more than in May 2016. This volume contributed to a glut of soybeans in China and very large negative margins for domestic crushers. Reports indicate those in China’s Shandong Province were losing the equivalent of $46.21 for each MT of soybeans they processed.The large May imports and negative crush margins have also resulted in Chinese importers seeking to...
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.