Soybeans Market Overview The soybean market was very slow last week with China celebrating a week-long national holiday that closed the Dalian futures market. There was some activity in the U.S. as some Chinese crushers had a tax-free import quota to use or lose. The Chinese bought U.S. soybeans from the PNW at 155X CNF, much higher than the trades last month at 135X CNF. U.S. Gulf purchases were secured at 175-180X CNF China – levels that are close to Brazilian offers. It's interesting to note that some Chinese crushers were included in the tariff-free quotas but none of the Western trading houses were included. That means western trading houses will be less competitive as they are forced to buy more expensive soybeans from...
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...
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.