The CBOT was mostly weaker on Tuesday with weakness in macro markets dampening traders’ and funds’ risk appetite. Wheat futures tumbled sharply and somewhat unexpectedly with both U.S. and Paris markets heading lower. Profit taking and a re-balancing of futures prices with cash values was blamed for the wheat weakness. The wheat weakness spilled over into corn and soybeans, which also found yield-based selling pressure from ProFarmer’s crop tour results. Soybeans and soymeal posted technical upside breakouts but found limited follow-through buying and posted disappointing closes. Funds were net sellers at the CBOT today, selling some 20,000 contracts of SRW wheat and 12,000 contracts of corn, along with 9,000 contra...
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.