Corn fell to a new contract low amid fund selling and bear corn/wheat spreading. The soy complex managed to find modest support with higher closes in soybeans and meal, while soyoil gave back some of yesterday’s gains. Wheat futures were buoyed by a lower dollar that may further enhance U.S. export competitiveness, along with a technical bounce that triggered buy-stops. President Trump announced this morning that his administration would submit an updated biofuels policy in the next two weeks. The rumored policy still has no details (making it sound suspiciously like The West Wing’s "Secret Plan to Fight Inflation”) but one can likely safely assume it will be favorable for agricultural interests. T...
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.