Vesper

Perfectly plan and execute every commodity purchase. Secure the optimal deals in volatile markets. Buy at the right time and price & justify purchase decisions.

[Vesper @Vespertool]

El Niño risk building, Indonesia's export overhaul pushed to 2027, Brent swinging on Middle East news. Three forces, one veg oil market. Free Vesper webinar with Gehrman Kosenkov and Gabriela Arroyo, Tue 9 June 16:30 CET. Free sign up: https://t.co/mR0it2w4NU.

[Vesper @Vespertool]

Soybean oil hit fresh highs this week, with record US biofuel credits and a tight feedstock market doing the heavy lifting, while palm tracked a rebound in crude. The bigger question for H2: El Niño: https://t.co/Dw3oMEwT58

[Vesper @Vespertool]

Turkey absorbed the volume rerouted from the UAE in March, posting a 99% increase in California almond shipments. UAE shipments fell 98% on regional tensions: https://t.co/1Wrp8Hw0Wr

[Vesper @Vespertool]

US peanut acreage could fall 20% or more this year, well beyond the USDA's March projection of 14.3%. Cotton's rally and deepening drought are pulling growers away from the crop: https://t.co/YxNvSZxeVV

[Vesper @Vespertool]

WPC80 prices have triggered a clear reformulation wave. Buyers across Europe and the US are swapping in MPC85, where each kilogram swapped saves around €15 versus WPC80: https://t.co/qD3W90L4Iq

[Vesper @Vespertool]

Raw sugar closed at a one-month high of 15.37 USc/lb on 5 May, with spillover from stronger oil markets continuing to support the sugar complex: https://t.co/IhtNPj3BVq

[Vesper @Vespertool]

The vegetable oil complex is being lifted by two forces: Brent at $114 vs $101.7 last week, and continued biofuel mandate momentum. Malaysia just confirmed B15 production from June, with B30 the long-term target. What it means for the major oils: https://t.co/pEHdhhfWdo

[Vesper @Vespertool]

The EU has partially suspended sugar IPP imports for one year, effective May 27. White sugar IPP remains permitted, raising questions about how watertight the measure really is. What it means for the new marketing year: https://t.co/XsnwhXtz2J

[Vesper @Vespertool]

Cocoa futures are up ~10% in recent weeks, despite limited fundamental change. FMCG buyers are stepping back in, prioritising supply security as El Niño probabilities move above 60% for mid-2026. At the same time, Managed Money remains heavily net short.

[Vesper @Vespertool]

EU cheese markets are slightly bearish this week. Milk production in Western Europe is running 5%+ above last year, leaving cooperatives with full cheese lines and limited alternatives. Cheddar, gouda and mozzarella all drifting lower through the flush: https://t.co/0RNJU6lBMl

[Vesper @Vespertool]

We just got back from the ADPI conference, and two topics dominated a lot of conversations. 1st: the recent NFDM price surge in the US. How long can this actually hold up? 2nd: WPC, WPI, and MPCs. Higher protein prices are sitting at record highs. So where does this stop?

[Vesper @Vespertool]

Sugar No. 11 ticked up to $14.11/lb this week. The bigger story: El Niño probability has crossed 80% from August 2026, EU beet area is tracking a 7.5% contraction and forecasting models are converging on a 2026/27 global deficit. https://t.co/Q2a0eJiK6F

[Vesper @Vespertool]

ICE Europe cocoa (May 26) climbed 3.7% last week to GBP 2,495/t.
Focus is shifting from demand to supply risks: weaker Ivory Coast mid-crop weather, Ghana payment delays and farmer financial stress limiting fertilizer access for the 2027 mid-crop. https://t.co/S5ObNat9yP

[Vesper @Vespertool]

MATIF rapeseed (May) climbed from EUR 508 to EUR 552/mt this week.
Germany's RED III adoption: double counting for biodiesel removed, palm waste fuels banned from 2027. Expected to lift European rapeseed oil demand. Read more: https://t.co/pbk0qSrq6G

[Vesper @Vespertool]

ADPI is where US dairy actually talks shop. Three days of panels, side-meetings, and hallway conversations that give you a read on sentiment you won't get from a price chart. Watch the recap from Chicago and what it means for your next move in US dairy: https://t.co/mYVfoL9H0u

[Vesper @Vespertool]

Brent crude rebounded above $110, Germany finally voted on Red III, and EU sunflower stocks are tighter than they've been in years. Learn what's driving the volatility in the on-demand oils and fats webinar: https://t.co/J9QIgvLbe5

[Vesper @Vespertool]

Whey protein isolate recovers while permeate pressured.

Higher-protein ingredients strengthen. Lower-protein alternatives struggle.

FMCG: Reformulation critical to optimize costs.

https://t.co/TM4zzqZp4o

[Vesper @Vespertool]

Whey protein markets shift to Q4 forward strength.

Current WPC pricing attractive. Weight-loss meds drive sustained demand.

FMCG: Secure Q4 coverage now before supply tightens.

Read more: https://t.co/TM4zzqZp4o

[Vesper @Vespertool]

Vegetable oil markets rally as US soybean oil exports drop 59%.

Palm oil +$18/mt. Indian imports +31%. Ukrainian rapeseed harvest slow.

FMCG impact: One oil constraint drives ALL prices up - cooking oils, bakery ingredients, snacks.

https://t.co/qKS57B7oKU

[Vesper @Vespertool]

European cheese market divergence:

🔴 Mozzarella: Below price floors
��� Cheddar: Break-even pricing
🟢 Emmental: Stable on capacity constraints

Category selection + timing = major cost impact

Read more here: https://t.co/Y20UdU7C5g