Wheat Argentina’s wheat area received some rain last week (15-50 mm) but precipitation was isolated to the southern agricultural area. The effect is that planting will be slightly delayed as soil moistures in the area were already high. In the meantime, Cordoba and Santa Fe, along with a large portion of the core wheat-growing area, are still suffering from drought. The crop is developing more slowly than normal and is varied in development/condition. The drought is also reducing the efficacy of fertilizers and fields planted with low soil moisture in hopes of better rainfall are suffering the most. The market has started to trade this situation over the past few weeks. The FAS market jumped from $163/MT to $172/M...
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.