Corn and wheat futures maintained their winning ways today on more wet weather across the Corn Belt. 1-2 inches of rainfall were common across Iowa today, and there is a great deal of heavy rain in the five-day forecast. NOAA released its updated long-lead forecasts, which show June and July will continue to have above-normal moisture and below-normal temperatures. A month ago, the same outlooks appeared drier. Sunday’s rainfall recaps and extended forecasts will set the tone for next week’s markets. Obviously, Monday’s weekly crop progress numbers will be very important. The market will also evaluate today’s Commitment of Traders report to see how much the funds reduced their short positions this week. U.S. equity...
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.