GOOD MORNING, Prices are lower across the board as profit-taking continues to hit the market based on better global rainfall, long fund positions, and recent technical bearish signal formation. The Commitment-of-Trader's report finds funds long everything, but much longer than expected in corn leading to lower prices today. Better growing conditions in South America weigh on prices as well, with a risk-off mentality heading into tomorrow’s election. Technically speaking, the charts are looking more sideways from recent tops, and some are breaking down further as we open on key support levels. China has been absent in the bean market as of late, causing flatness and spreads to weaken further. Beneficial w...
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.