GOOD MORNING, Prices are firmer this morning on positive technical signals from last week’s August WASDE report, drier weather over the next two weeks, and expectations that ratings will decline this afternoon. The Pro Farmer Crop tour begins today. Traders continue to talk about losses from the derecho last week, with analysts estimating crop damage between 250 and 350 mbu, which would reduce US yield by as much as 4 bu/acre, nationally. In a note, Commerzbank stated that given the damage, many believe that the USDA's yield of 181.8 bpa is too high. The state of Iowa is seeking about $4 bln in disaster relief after the storm, as announced by Gov. Kim Reynolds. China continues to be around the bean 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.