The CFTC was mostly lower to end the week with funds emerging as profit-takers in corn, soybeans, and Chicago wheat. The soyoil market scored a new contract high on news of a palm oil export ban from Indonesia, however, and the KCBT wheat market strengthened on continued poor weather forecasts for the U.S. southern Plains. Funds were net buyers of soyoil on Friday, adding some 12,000 contracts to their long position. For every other major ag product, however, they were net sellers. Funds liquidated 17,000 contracts of corn, 3,000 contracts of wheat, 12,000 contracts of soybeans, and 8,000 contracts of soymeal. Notably, open interest in the major ag products continues to decline as profit taking and position liquidation have gained po...
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.