With the U.S. weather outlook now positive and U.S. soybean plantings apparently on normal track, soybean prices shouldn't remain as high as they are. There is about only one development that can cause them to rise in the next few months. Soybean Prices Likely Headed Downward With the U.S. weather outlook now positive and U.S. soybean plantings apparently on normal track, soybean prices shouldn't remain as high as they are. This is clearly the view of traders who recently set a new short position record for soybean futures and options of 62,355 contracts. That is the most pessimistic soybean position since March 2016.At this point, there is not much reason to be anything other than bearish on soybean prices. South America is finishing its...
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.