The latest volleys in the U.S.-China trade war kept markets on the defensive today. CBOT products were slightly higher in light trading overnight as some mild short covering helped the markets inch higher. Open interest is declining for corn, soybeans, and wheat – indicating that funds are likely paring back their short positions ahead of Friday’s WASDE report. Fundamentally, there is little fresh news for U.S. commodities except for the ever-thickening plot of the U.S.-China trade negotiations. The latest trade war news from the White House is that U.S. negotiators were expecting the latest trade documents to show good progress ahead of this week’s meetings. However, the most recent draft produced by Chinese officials re...
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.