The CBOT traded a rather uninspiring day to end the week, with corn and the soy complex largely chopping sideways. Wheat traded a mixed day early with the lack of USDA confirmation of wheat sales to China weighing on early market action. Technical buying firmed the wheat market heading into the close, however, as bullish chart conditions kept bears sidelined. The Pro Farmer tour posted its state-wide average yield estimate for Iowa this morning, which came in at 177.8 BPA. The reduction was expected due to drought in the western part of the state and hurricane force winds last week. The yield will be Iowa’s lowest, if realized, since 2014. The tour also announced the Minnesota corn yield at 195.1 BPA, which would be a record hi...
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.