GOOD MORNING, Prices were mixed to lower this morning, with the board continuing to follow the path of crude. As prices neared the close, crude jumped to new highs taking Ag prices along for the ride, as the correlation between macros and ags continues. If energies continue to rally, would expect to see more short-covering from the start of the day. It has been a week of net fund selling across the board, and tonight we get the latest commitment-of-trader's report. Funds are an estimated net short 175K corn, futures / options combined. That position can give the market a boost on any day that delivers a bullish surprise, as was shown by crude's rally impact on those energy-related markets. Ethanol, corn, and...
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.