GOOD MORNING, Prices continue to trade mixed, with the major direction for most of the markets sideways to lower. Funds are now estimated to be short 8,000 wheat contracts, 175,000 corn, and 24,000 meal. Funds are estimated to be long 55,000 bean contracts and 54,000 soyoil. Into the August 12 WASDE, we will continue to see the usual trade estimates. Another firm forecast bean yield at 52.5 bpa, putting production at 4.352 bln bu. 2020 corn bpa was forecast at a more modest 179.6 bpa, with production at 13.617 bln bu. The bull component of trade continues to be that of strong oilshare, with soyoil futures on a higher path backed by higher crude and strong world veg oil values. Soyoil futur...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.