The CBOT ended its holiday-shortened week on a mixed note with corn and wheat falling and soybeans holding their ground on solid export interest. Rumors circulated that China is looking for 4-6 cargoes of Brazilian soybeans for the summer, and soybeans seem to stand up anytime the words “China”, “buying”, and “soybeans” are mentioned in a sentence. This afternoon’s expiration of March options created selling pressure in corn and wheat as those who were short puts sold futures to cover risk. Funds are thought to have sold some 12,000 contracts of corn, 9,000 contracts of wheat, and bought 5,000 contracts of soybeans. The 2021 USDA Ag Outlook Forum concluded today and the agency, as well as var...
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.