GOOD MORNING, The markets are lower across the board on first notice day. Traders should be out of long March futures heading into delivery. Equity markets are lower as well, which is providing Chicago with some macro pressures. US meal futures are down hard following a 5% slide in the Chinese meal market, which was the largest decline in eight years and based on what analysts theorize was profit-taking combined with some limited March bean imports from Brazil. The announcement from China that they would slow the crush rate on Brazilian harvest delays cast a negative sentiment over the market Thursday. Adding to the negative sentiment this morning is the announcement from China that African Swine F...
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.