GOOD MORNING, Prices started the night session cautiously higher and have rallied further the last 15 minutes into the close on fund buying and better technical price action. Inverses are firmer as well, with spreads bouncing off their lows last week. Major trades include higher oilshare, as canola, palm, and crude all support soyoil futures. Wheat is higher on positive technicals with the base of trade holding in at lower levels. Also constructive news is Russia's plan to control food inflation by curbing grain exports, along with the possible same scenario by Argentina. Russia will begin taxing exports on Feb. 15, initially by applying a fixed tariff before switching to a formula-based system from June 2, wh...
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.