THE OPEN March beans: 3 higher March meal: 2.10 higher March soyoil: 1 higher March corn: 1/2 higher March wheat: 2 1/2 higher The markets opened as expected with bean prices trading to new highs with the move up on further short-covering activity, while longs booked profits in wheat and soyoil. More business announcements before the open and more tariff reductions from China paving the way for a signing agreement in early January helped to maintain a higher path. It was announced before the open that China purchased 126,000 mt of beans for the 2019/20 marketing year. Additional announcements were that USDA changed the destination for 225,500 mt of beans from unknown t...
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.