U.S. Soy Export Sales Highlights – China Buying A Lot of U.S. Soybeans Today’s USDA export sales report indicated U.S. exporters had fairly good success selling U.S. soybeans and soymeal for export in the week ending 9 July. However, the big news this week was a resumption of large sales of soybeans to China that have been reported by exporters since 9 July. Today’s export sales report indicated exporters reported net sales of soybeans last week of 313,000 MT for export in 2019/20 and 767,700 MT for export in 2020/21. The sales for 2019/20 mostly were to Indonesia (95,500 MT), Egypt (75,000 MT), Pakistan (58,300 MT), Mexico (55,7020 MT), Tunisia (37,100 MT) and unknown destinations (19,500 MT). Sales of soybeans for expo...
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.