GOOD MORNING, Price action remains dominated by weather forecasts and demand. Weather forecasts appear to moderate and offer potential rainfall in what has been a dry spell. US beans are the most competitive now till December. Producers have taken advantage of bean prices as they hit 5-month highs, with some basis bids lowered in various locations. Current weather calls for a better chance of showers, which is throwing a bit of a pause into the soy complex uptrends. The major trend in oilshare remains higher on rising demand, a slowdown in production, and tightening stocks. Cash and futures continue firm, with soyoil helping beans to stabilize. While the markets are on good rallies, the missi...
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.