GOOD MORNING, Trade continues to pullback and define trading ranges off the overall lows. Funds added to corn and meal shorts yesterday and bean/soyoil longs. Bulls have yet to lose the fight, but bears are hanging tough causing prices to maintain a sideways trade off recent highs. Demand, strong chart price direction, and slightly drier weather keep beans supported, as will defensive fund longs. Soyoil futures continue to march to new highs, albeit slowly. Good producer selling has been noted on this bean and corn rally. Bean basis bids were slightly lower at the same time export basis is firming. Advertised stories have it that Iowa's Dept. of Agriculture narrowed down corn acr...
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.