THE OPEN November beans: 7 1/2 lower December meal: 4.30 lower December soyoil: 10 lower December corn: 7 3/4 lower September wheat: 3 1//2 lower The markets opened as expected with more selling pressure in corn and beans after the open. Oilshare was firmer as meal prices were weaker vs. soyoil. Wheat prices were firmer vs. corn in early trends. Technically speaking, open gaps left unfilled are now price negative which result in funds adding back corn short positions. The fund length in beans created a deeper sell-off in that market, as corn seemed to find some support on scale down pricing interest. At 10:00 export inspections were as follow: beans: 483,331 mt...
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.