THE OPEN November beans: 1 higher December meal: 1.50 lower December soyoil: 25 higher December corn: 3 1/2 lower September wheat: 6 3/4 lower Prices opened on a mixed note with profit-taking with weakness in grains taking center stage. Funds came out selling corn at the outset, with wheat prices sharply lower triggering sell-stops in the market. At 10:00 export inspections are as follows: beans: 452,811 mt vs. 483,331 mt week ago (vs. an expected 500,000 mt) corn: 1,149,353 mt vs. 917,968 mt week ago (vs. an expected 900,000 mt) wheat: 500,607 mt vs. 659,727 mt week ago (vs. an expected 575,000 mt) Inspections for corn was over the higher end of expectations, bringing l...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.