VALUE EXCHANGE INTERNATIONAL, INC.

(VEII)
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Delayed OTC Markets  -  03:02 2022-08-05 pm EDT
0.1250 USD   -22.12%
07/29VALUE EXCHANGE INTERNATIONAL, INC. Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K/A)
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07/20VALUE EXCHANGE INTERNATIONAL, INC. : Change in Directors or Principal Officers, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits (form 8-K)
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07/01U.S. wheat falls to pre-Ukraine war levels; corn, soy also drop
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U.S. wheat falls to pre-Ukraine war levels; corn, soy also drop

07/01/2022 | 12:34pm EDT

(Rewrites throughout with U.S. market open, adds quote, updates prices, adds byline, changes dateline, previous PARIS/BEIJING)

CHICAGO, July 1 (Reuters) - U.S. wheat futures tumbled on Friday to levels not seen since Russia's invasion of Ukraine disrupted flows from the Black Sea breadbasket region, pressured by a firmer U.S. dollar and rising global supplies from the northern hemisphere's harvest.

Soybeans and corn retreated in tandem with wheat in risk-off trading ahead of the long U.S. Independence Day holiday weekend and worries about tepid demand and the broader economy.

Soaring inflation and a rush by central banks to raise rates and stem the flow of cheap money has fueled sell-offs across markets, pressuring grains prices that had spiked to near record peaks following Russia's invasion.

"The outside markets are certainly a factor, especially if you're talking about a Federal Reserve policy shift and a dollar that's exploding higher," said Mike Zuzolo, president of Global Commodity Analytics.

Benchmark Chicago wheat futures have fallen nearly 40% from a peak in March as some grain shipments have begun to flow from Ukraine and as accelerating winter wheat harvests across the northern hemisphere bolster supplies.

"When the Ukraine issues started happening, we had to aggressively price-ration the old crop ... Now that all this new-crop harvest is coming to market, we don't have to price ration so aggressively," said Craig Turner, senior ag broker at Daniels Trading.

CBOT September wheat was down 27 cents at $8.57 a bushel at 11:25 a.m. CDT (1625 GMT), the lowest since late February.

New-crop November soybeans fell 56 cents to $14.02 a bushel, while actively traded December corn shed 10 cents to $6.10-3/4 a bushel, a four-month low.

After initially rising following Thursday's U.S. Department of Agriculture acreage report, the market was waiting to see if the drop to soybean planting would be amended.

Grain traders are also monitoring rain forecasts next week for drought-parched areas of the Midwest. (Reporting by Karl Plume in Chicago; Editing by David Gregorio)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
CORN FUTURES (ZC) - CBE (ELECTRONIC)/C1 1.19% 615.75 End-of-day quote.2.57%
CORN?FUTURES (SETTLEMENT ONLY) (ZC) - CBR (FLOOR)/C11 0.00%End-of-day quote.0.00%
S&P GSCI CORN INDEX -0.24% 506.2126 Real-time Quote.2.86%
S&P GSCI SOY BEANS INDEX -0.07% 566.848 Real-time Quote.5.19%
SOYBEAN MEAL FUTURES (ZM) - CBE (ELECTRONIC)/C1 3.23% 514.8 End-of-day quote.21.13%
VALUE EXCHANGE INTERNATIONAL, INC. -22.12% 0.125 Delayed Quote.-58.33%
WHEAT FUTURES (ZW) - CBE (ELECTRONIC)/C1 0.26% 781.75 End-of-day quote.1.17%
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Financials ()
Sales 2021 9,98 M - -
Net income 2021 0,68 M - -
Net Debt 2021 0,11 M - -
P/E ratio 2021 15,2x
Yield 2021 -
Capitalization 4,52 M 4,52 M -
EV / Sales 2020 0,14x
EV / Sales 2021 1,10x
Nbr of Employees 300
Free-Float 40,3%
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Seng Wee Tan President, Chief Executive Officer & Director
Cheuk Lun Au Chief Financial Officer & Treasurer
Yuen Fong Lee Chairman
Johan Pehrson Independent Director
Robert H. Trapp Independent Non-Executive Director
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