The CBOT opened lower overnight as USDA’s surprise increase in the good/excellent ratings for corn and soybeans pressured the market. Wheat followed corn lower, pressured by spillover selling as well as its own good harvest statistics. The increase in crop conditions ratings seemed to spark fresh expectations for U.S. corn and soybean yields, with many traders and analysts now shifting their yield forecasts higher. A lack of daily export sales news further caused prices to slide lower, though reports are that commercial pricing was active. The U.S. corn harvest will start in the Delta in the next few weeks and provide a fresh influx of cash grain for export. Cash prices are likely to start grinding lower under seasonal harvest...
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.