GOOD MORNING, Today's price action is lower as beneficial rainfall blanketed the drier portions of Iowa over the weekend. In the west, moderate to locally heavy showers and storms crossed over the last 48 hours, while current shower systems are crossing Missouri and central Illinois. Soyoil prices are lower, tagging along with November palm oil futures, which were off 1.6 percent. The soy complex is tagging along with the Chinese Dalian Exchange values, where vegoil, bean, and corn futures ended the session lower. Corn continues to struggle due to poor ethanol margins and continuing low exports due to competition from South America. With all these factors in place, the markets are called lower this...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.