THE OPEN Nov beans: 7 higher Dec meal: 1.50 higher Dec soyoil: 23 higher Dec corn: 3 higher Dec wheat: 2 1/2 higher The markets opened as called but extension rallies took place after the session started triggering buy-stops over the market and confirming that we have our trading ranges off current market bottoms. Macro influences were also noted with the stock market sharply higher on a perception that China was stabilizing its currency today. The perception of a stable Yuan fed into short-covering in the bean market, along with the fact that Brazil premiums suddenly were very expensive, turning other non-Chinese buyers back to the US. Dry and hot forecasts for the eastern...
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.