THE OPEN November beans: 9 higher December meal; 3.60 higher December soyoil: 39 higher December corn: 5 higher September wheat: 8 1/2 higher The markets opened into higher prices as called at the strongest end of expectations, triggering buy-stops. Corn closed its gap left open from the morning as traders are still estimating the amount of damage from the wind event in Iowa. While the wind event impacted corn crops the most, the lack of rainfall will directly impact beans. President Trump said today he would sign an emergency declaration for Iowa to help supply federal money to help the state recover from the wind storm. Iowa Gov. Kim Reynolds filed an expedited presidential...
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.