There was lots of gnashing of teeth as market calculations swung between possibly threatening weather conditions, seeming positive demand and a WASDE report tomorrow that may or may not spring a surprise or two. This is the critical time of the campaign for corn, and it is not a neutral period for soybeans. The morning started with an export sales report that reflected better than expected sales for corn and soybeans. China was a key buy of both. However, wheat sales were disappointing. The export forecast is where some are betting that USDA backs off in tomorrow’s report. In truth, the slower overall export sales pace has been reality for many weeks and should already be mostly priced into the market. The real wild card...
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.