SPREADS Sep. crush trades top 76.35c/bu while oilshare is a steady 32.33%. Spreads are firmer with Sep/Dec corn narrowing into 7 3/4c from 8 1/2c. Sep/Dec wheat trades into 4 1/4c from 5 1/4c. August /Nov beans narrows into 3 1/2c from 5 1/2c. Sep wheat/corn trades from 1.75c to 1.74c. Sep/Dec meal trades from $5.50 to $5.80. PALM OIL Prices closed higher as ending stocks fell. Palm oil inventories fell 6.3% for the end of June from a month earlier, according to the Malaysian Palm Oil Board. Its forecast for June 2020 palm oil production is at 1.88 mmt vs. expected 1.783 mmt, and 1.651 mmt in May 2020. June ending stocks were estimated at 1.901 mmt, below 1.935 mmt. ...
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.