The CBOT opened weaker overnight and continued that trend into the morning with significant selling in September futures as traders exit before first notice day tomorrow. Multiple CBOT markets are testing major technical support levels, which should be a significant concern for bulls and longs. Notably, corn, soybeans, and wheat are all threatening to post significantly bearish technical events, which could spark widespread liquidation/selling at the CBOT. Hurricane Ida hit the Gulf Coast Sunday afternoon and knocked out power to New Orleans, Louisiana and the surrounding areas. Ida has been downgraded to a tropical storm and is now slowly turning northeast and is expected to travel along the Ohio River valley until it exits over the Atlan...
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.