The CBOT was called to open weaker after a weekend of favorable weather and expected planting progress in the U.S., combined with welcome rains across Europe and the Black Sea. The markets did just that, with corn and soybeans ending lower for the day while wheat prices managed to firm slightly. Funds held a larger-than-expected long position in wheat per Friday’s CFTC report, which lent support to that market today. The weekly Export Inspection report was bullish sorghum but neutral corn, soybeans, and wheat. Corn shipments were better-than-expected and exceeded the volume needed to keep pace with USDA’s latest forecast, but the 34 percent YTD decline in shipments left the report with a neutral interpretation. Soybean and whea...
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.