GOOD MORNING, Prices are mixed with soyoil seeing pressure due to profit-taking in oilshare, while wheat futures remain firm. Soyoil futures follow sharp losses in palm oil prices, as some firms estimate palm exports to be down 6% for the month of June. A warm and dry week will likely send crop ratings lower today after the close. Rains in South Dakota and portions of Iowa and Minn. helped to stabilize some crops. There is chatter that China has purchased domestic meal, and continuing ideas that they are around the corn and bean markets. USDA August 12 report is right around the corner. End-users may be looking for a bearish report before covering needs, while funds may be lookin...
What You Need to Know Today: American and Mexican officials met Tuesday and will meet again Wednesday for another round of trade talks, where ag and energy will be a key topic. Another round is scheduled for 20 July. Ag groups are urging President Trump to renew USMCA for another 16 years, but...
Since the first U.S. case of New World Screwworm (NWS) was confirmed on 3 June, USDA has confirmed 12 cases. The latest was confirmed in a sheep on 12 June, with four additional cases confirmed in Texas on 11 June, three in cattle and one in a goat. The New Mexico case confirmed that the infect...
Key Takeaways: China has invested heavily in the Port of Chancay to strengthen trade links between South America and Asia. The port could reduce shipping times to China by up to two weeks and improve export competitiveness. Inland transportation infrastructure remains the primary obstacle to r...
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.