SPREADS Sep. crush trades to 75.80c/bu while oilshare trades to 34.23%. August/Nov beans trades to a new high inverse of 5c before closing at 3 3/4c, with a 3c low. Sep/Nov beans trades to 1 1/2c carry from 2c. Sep/Dec corn narrows back into 7 3/4c from 8c carry. Sep/Dec wheat trades into 5 1/2c from 6c. Sep wheat/corn trades from 2.02 1/2c up to 2.07 3/4c. PALM OIL Up 14 ringgits on lower forecast production in July. NEWS Stocks are slightly lower, down 45 pts. Crude oil trades down to $41.14/barrel, with gold prices surging to $1858.10/oz. The US dollar falls to new lows at 94.82. CALLS Calls today are as follows: beans: 1-2 lower meal: .30-.50 higher soyoil: 10-1...
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.