Due to the Chinese government's corn procurement in major production provinces, it seems probable that China's domestic corn prices have hit bottom and will improve in the next few weeks. Oilseeds Soybean Stocks at Ports According to China Customs on 8 April, soybean stocks at major Chinese seaports continue to mount and have reached 6.37 MMT, an increase of 130,000 MT from the prior week. This is an indicator of the currently weakened Chinese soybean demand.The following chart shows the year-over-year increase in soybean stocks at major Chinese seaports: Price Trends Soyoil: The soyoil price increased this past week, but Chinese crushers continue to struggle with poor margins. In the first week of April, Yihai Kerry and COFCO, the two...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.