THE OPEN November beans: 11 lower December meal: 3.50 lower December soyoil: 15 higher December corn: 4 1/2 lower December wheat: 11 lower The markets opened as called with soyoil prices and oilshare heading higher after the open, bringing more stability to beans. Concerns over tensions between China and the US plus covid concerns remain bearish inputs. Chinese Foreign Vice-Minister Feng told the US Deputy Secretary of State that US-Chinese relations had reached a stalemate and faced serious consequences, as they presented the US a list of requests to resolve tensions. Beans suffered the most consequences from the uptick in friction in relations. At 10:00, export inspections were...
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.