GOOD MORNING, Prices are higher this morning led by beans and soyoil. Soyoil follows higher palm and firmer energies. China has been buying beans this week on the dip, and reported to have purchased more in other to meet its $40 bln purchase goal as dictated by phase 1. Agricensus reports that in addition to vessels purchased at the start of the week, a Chinese crusher purchased three more cargoes Wed out of the US Gulf, bringing the total between 8 -11 cargoes. Brazil's export pace seasonally slows in May, which will allow for a further price improvement as well, particularly if weather is not 100% cooperative. Meal stocks in China fell for the sixth consecutive week despite crushers back on line, to a new...
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.