GOOD MORNING, The market leader for the morning is once again wheat, which placed a new high for the move up in the PM session. No doubt that this has become a very technical trade. All other markets are firmer as well, but are content to wait until we see the January report before further defining their trading ranges. Expectations are for corn and bean crops to be lowered, but the question is how aggressive will the USDA be? Small adjustments may break the market down, while a fundamental shift downward will kick prices out of current ranges to the upside. Funds will enter the report with a 120K short in corn, even in beans, a small short in meal, a very large long position in soyoil (100K plus...
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.