THE OPEN Nov beans: 2 1/2 higher Dec meal: .40 lower Dec soyoil: 41 higher Dec corn: 1/4 higher Sep wheat: 3 1/2 higher The markets opened as called with prices trading mixed. Grains turned lower after the start of the trading session, but short-covering was noted in corn. There was noted unwinding of recent buy bean/sell corn trade. Wheat futures, which had stabilized into the morning session, took a turn for lower prices. Good export sales in beans gave prices a momentary lift, but bulls took that strength as an opportunity to sell something. Beans seem to find resistance as we draw closer to high level talks scheduled between China/US for August 15. Buy corn/sell whe...
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.