THE OPEN November beans: 5 1/4 lower December meal: 1.00 lower December soyoil: 21 lower December corn: 4 lower December wheat: 5 lower Markets turned lower on follow-through from yesterday's technical rally failure combined with more negative rhetoric in the US-China trade war. The catalyst for lower trade was the announcement that China would raise tariffs from 5 percent to 10 percent on about $75 bln worth of US goods, including beans and crude oil on Sep 1 and Dec 15, and would resume 25 percent tariffs on autos. The markets took the comments more or less in stride until negative Trump tweets afterwards created another nosedive in the stock market and bean complex. ...
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...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.