World Perspectives
soy-oilseeds

Oilseed Highlights: Resistance Holds as Soybeans Bounce off the Ceiling

The Market The market has been squeezed between lower export demand but rising palm oil prices, with the latter pushing soybean prices to the highest in over a month. Rapeseed futures have risen to a four-month high. Canola added 0.5 percent this week and Dalian soybeans added 2 percent. However, as palm oil began sliding late this week the soy complex went down with it. After challenging resistance on Thursday, May and November soybeans fell back on Friday. The May contract ended the week down 0.25 percent at 1195.25/bushel. May soyoil took the biggest hit, losing 2.95 percent and ending the week at 47.96/pound. By contrast, soymeal remains in the catbirds seat with the My contract adding 1.4 percent to end at 339.4/ST. After watching...

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The Q1 2024 GDP was 1.6 percent, well below the pre-report consensus expectation of 2.4 percent, and down from 3.1 percent in Q1 2023 and 3.4 percent in Q4 2023. That rate was the slowest in almost two years, dating back to Q2 2022.  Recall that in the 2 February Ag Perspectives report on...

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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.

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