Corn and soybean futures prices were fractionally firmer overnight, while wheat prices sought to recover at least a sliver of their February losses. Chicago wheat was up about 5 cents heading into the early morning trading recess. Later in the morning, traders were tuned into the testimony on China trade negotiations given by USTR Robert Lighthizer before the House Ways and Means Committee and testimony by Ag Secretary Perdue before the House Ag Committee. Secretary Perdue expressed optimism that China would buy additional ag commodities, including the discussed 10 MMT of additional soybeans, but he was careful to note that it depends on how the trade negotiations wrap up. Lighthizer, a hawk on China trade, was purposely cautious about pro...
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.