The CBOT was mixed/slightly lower overnight with soybeans finding some support from this week’s Chinese purchases while corn sagged under the weight of fund selling. The opening bell found aggressive selling from money managers and corn and soybeans moved lower immediately. Wheat futures traded sideways at first, finding some support from dry weather forecasts in Europe and the Black Sea, but eventually broke lower and posted large losses for the day. While the U.S. weather forecast remains broadly favorable, drought is an increasing issue for Europe, the Black Sea, and parts of Southern Brazil and Argentina. Drought conditions are worsening for France and Germany, causing French wheat crop ratings to reach 58 percent good/exce...
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.