World Perspectives
soy-oilseeds

Oilseed Highlights – Down but Not Out

The Market After November soybeans hit a new year high of 1428/bushel, they slid this week by 19.25 cents to 1382.5/bushel. With 20 percent of U.S. soybean area in a categorically serious drought and supplies deemed tight in 2023/24, buyers may have sensed some desperation. They bought 1.7 MMT of new MY U.S. soybeans this week despite Brazil shoveling them out readily. Meal and oil also fell back this week despite recent higher gains. 

Regardless of the near-term market vacillations, what is certain is the long-term bull market for oilseeds. One forecast indicates an expected CAGR of 8.2 percent through 2030. Brazil assumes it will be a prime beneficiary of the trend. The Agriculture Ministry’s Projections of Agribusiness, Br...

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Jul 26 Corn closed at $4.635/bushel, down $0.0025 from yesterday's close.  Jul 26 Wheat closed at $6.1675/bushel, down $0.035 from yesterday's close.  Jul 26 Soybeans closed at $11.785/bushel, up $0.0375 from yesterday's close.  Jul 26 Soymeal closed at $319.1/short ton, up $2.6...

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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.

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