Red is the traditional color for Valentine’s Day and the CBOT seemed happy to do its part celebrating the holiday. The grain and oilseeds markets were all lower for the day with wheat giving up early gains and the cattle markets also turned lower. Of the major ag markets, only hog futures and soyoil posted gains, leaving traders staring largely at seas of red numbers. There wasn’t any one proximate cause for the day’s weakness and, rather, it was related to mild profit taking, some short selling, and a general disinterest in chasing the ongoing rallies. Funds are thought to have been slight net sellers for the day but trading volume was light and they are still heavily long corn, soybeans, and soymeal while likely now hold...
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.