Markets were weak overnight and more so today as the trade again grew weary of all the positive talk regarding the U.S. China dispute with still no real deal. President Trump commented that “we’re not there yet” on a final agreement, and he also said farmers will be very happy when one has been reached. The problem today was those comments were interpreted to mean it could be several weeks or perhaps months before anything is finalized. Comments from Mexico that the trade agreement with the U.S. won’t be ratified there until tariffs on steel and aluminum are lifted also didn’t sit well. Mexico is now the largest buyer of U.S. corn. Another bearish factor today was the pending release of USDA’s April WAS...
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.