GOOD MORNING, Prices are mixed this morning, with grains higher on short-covering. The massive wind storm that impacted the US, along with slightly lower corn crop ratings, has triggered more short-covering this morning. Wheat moves off its low of $4.90 as more of a sideways pattern begins to form from the bottom. Corn in particular has a tendency to post its low around the August report. Depending on the size of the yield printed tomorrow, we will see if this comes true this year. However, the bar has been set high with a 184.5 bpa printed for corn. The market penciled it in, which could set up a fund short-covering rally tomorrow if the USDA takes a more modest road. Typically, the Sep. and Oct...
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.