GOOD MORNING, Funds were net sellers in grains yesterday which probably makes them even in corn to slightly short in wheat. Outright fund positions in the soy complex probably see a net short of around 80K contracts in beans, 40K in meal, and 15K in soyoil. While the grains are slightly mixed this morning after scoring new chart lows, the soy complex is higher. Beans are breaking but they do not seem to want to stay lower. Beans see support from good crush rates, and from competitive world values. The Pro Farmer crop tour adds another supportive element. On the Pro Farmer tour, Indiana soybean-pod figures were down nearly 30 percent vs. year ago with acres about 30-45 days behind normal, leaving them vulnerab...
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.