CBOT markets were called steady/higher before the open on a mix of macroeconomic strength from the U.S. Senate coronavirus aid package and from a slowdown in Argentine exports that may give U.S. exporters a better opportunity. The markets opened as called but soyoil weakened early as crude oil moved lower. Stocks rallied sharply after the opening bell in light of the $2 trillion aid package agreed to by the White House and Congress. The prominent feature of CBOT trade today was massive bull spreading/fund buying in Chicago wheat futures. The May contract gained 18+ cents while July added 12 cents to its values. Bull spreading was present, but far milder, in KC and MGEX wheat futures. Funds are estimated to have bought 12,000 contract...
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.