THE OPEN November beans: 4 lower December meal: 1.80 higher December soyoil: 60 lower December corn: 3 1/2 higher December wheat: 17 higher Higher wheat prices guided the market to a firmer-than-expected open. Inspections for corn found a good chunk to China, bolstering a recovery rally there. Oilshare chopped back and forth, with overnight profit-taking on the back of weaker palm. At 10:00 export inspections were released as follows: beans: 191,193 mt vs. 242,044 mt week ago (vs. an expected 200,000 mt) wheat: 387,743 mt vs. 515,214 mt week ago (vs. an expected 420,000 mt) corn: 1,383,719 mt vs. 1.184,012 mt week ago (vs. an expected, 1,050,000 mt) Co...
What You Need to Know Today: American and Mexican officials met Tuesday and will meet again Wednesday for another round of trade talks, where ag and energy will be a key topic. Another round is scheduled for 20 July. Ag groups are urging President Trump to renew USMCA for another 16 years, but...
Since the first U.S. case of New World Screwworm (NWS) was confirmed on 3 June, USDA has confirmed 12 cases. The latest was confirmed in a sheep on 12 June, with four additional cases confirmed in Texas on 11 June, three in cattle and one in a goat. The New Mexico case confirmed that the infect...
Key Takeaways: China has invested heavily in the Port of Chancay to strengthen trade links between South America and Asia. The port could reduce shipping times to China by up to two weeks and improve export competitiveness. Inland transportation infrastructure remains the primary obstacle to r...
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.