There was heavy volume exiting soybeans, which dragged down the broader market today. The lack of a specific Chinese buying commitment for soybeans undermined speculators who had placed bets on state-directed trade. But even the Chinese do not totally ignore market fundamentals. They may still buy U.S. soybeans, but why pay a double premium? One being a fundamental-based higher price for U.S. soybeans over those from Brazil, and a second because speculators have sent a crop that is flush with supply to a record long position, up 14 percent from year-ago price levels. Speculators bet on politics and they lost—bring on the crocodile tears. If President Xi told President Trump that they’d wait for the soybean speculative bubble to...
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.