GOOD MORNING, It's report day, and traders are not expecting much new to be revealed. In the meantime, a poll of farmers being conducted now will tell the USDA what they plan in terms of upcoming acreage for 2020. In the month of November, the ratio told farmers to plant corn, switching to beans with the Dec rally, and that is usually what we see this time of the year. Movement on the rallies still remains slow, with volumes fairly light, particularly in grains. Beans remained well supported with talk that China was in the market for US cargoes off the PNW for nearly half of their January needs, which in part explains the continued bean strength yesterday, not to mention the fund short. Politics continu...
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.