GOOD MORNING, Prices are mixed this morning with beans and soyoil lower, grains firmer. More longs are liquidating length in beans due to the turn to better weather and stable conditions. Dec. corn technically holding on to its $3.30 low, which does not seem to be giving way. Corn finds support from wheat, which rallied sharply on Tuesday. In terms of stories, all eyes are on what China does with its corn reserves. The Chinese gov. plans to auction around 54 tmt of state bean reserves from the 2017 and 2018 crop years later this week. China is expected to auction around 3 mmt total this year to be replaced with newly imported US beans. WEATHER Cooler temperatures and widespread rainfall co...
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.