GOOD MORNING, Prices are mixed, with the major feature that of higher soyoil which in turn is supporting the bean market. Corn follows stronger beans. The soyoil futures market is piggy-backing off of sharply higher palm oil prices. Beans are gaining upside traction from chart based positive technical activity and higher soyoil. The oilshare trade is resurrected. Buy wheat/sell corn appears to be also having an adjustment. Buy beans/sell corn also is a fan-favorite, as China appears to be more active in the market and making inquiries. Each market is responding to its own fundamentals. For beans, it is China business, perhaps for the PNW. China has imported 83 mmt of beans...
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.