GOOD MORNING, This week featured further contract highs and new highs for most of the markets on trading ranges. Funds will head out longer than a week ago, possibly up to 220K corn contracts, though the Commitment-of-Traders report will clarify. No doubt the weaker US dollar is the underlying positive macro trade, while good demand and tighter carryout provides the fundamental justification. In terms of exports, corn sold and shipped for 20/21 is at 28.33 mmt vs. 10.86 mmt year ago. The unpriced consumer is feeling the pinch as higher prices become a day- to- day occurrence. Grains are higher this AM led by wheat. Technically, Dec. wheat found some sell-stops through $6.21 without much downside f...
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.