GOOD MORNING, Prices are mixed this morning with a larger break in wheat, and a bounce in meal as traders unwind previous buy soyoil/sell meal spread trade. The Goldman Roll concluded yesterday with over 113,000 May/July corn spreads traded on the final day, a large amount of spread that accounted for nearly 66% of May contract volume. Wheat trades are lower as yesterday's Egyptian tender was awarded to Russia since US prices are at least $20 too high over the competition. Wheat ratings remain stable, with the crop off to a very good start. For now, the technical picture for wheat has turned neutral to bearish and indicates that a larger break could be coming. Meal prices bounce off their lows wit...
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.