The U.S. farm economy didn’t find any relief on the immediate horizon in today’s USDA acreage and quarterly stocks estimates (see today’s separate analysis for details), and corn got hammered as soon as they were released. More optimistic talk about a trade deal with China didn’t provide much help for the grain markets. However, it did bolster U.S. equity markets, which were up 0.5-0.6 percent through most of today’s trading session. Crude oil and the U.S. dollar were also both higher. Corn FUTURES Corn fundamentals have been teetering on the edge of turning at least slightly bullish, but today’s big 1 March quarterly stocks number coupled with more acres than the trade expected delivered a bo...
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.