GOOD MORNING, Prices continued to work lower post beneficial crop progress numbers. Rising domestic and international crop estimates for wheat, (Russia and Australia), pushed prices lower. Egypt tendered for 60,000 mt of mill grade wheat for Sep 11-30 shipment. Large yield ideas for corn and beans took aim at prices as well. Corn posted contract lows, wheat and beans found the lower end of trading ranges. December soyoil backs up to test the 31c benchmark, in a retracement from new market highs. Oilshare, in other words, takes a breather. Better weather and ideal conditions saw better farmer movement as prices traded weaker. Farmer selling has been reported as farmers clear space for big cro...
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.