THE OPEN November beans: 7 lower December meal: 2.10 lower December soyoil: 42 lower December corn: 1 1/2 lower December wheat: steady Prices opened as called with more profit-taking to begin the day trading session. Profit-taking was noted for the bean and soyoil markets, while corn prices dipped into commercial pricing activity. Wheat prices held in congestive trade. Day-3 of the Pro Farmer crop tour featured good results for Illinois crops, and conditions that were not as bad as some were expecting in Iowa. Iowa corn yields were estimated at 179.5 bpa in districts 1,4, and 7 vs. 187.8 bpa year ago, and vs. a 3-year average of 184.6 bpa. Bean pod counts averaged 1,11...
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.