The CBOT traded a mixed day with weekend rains in South America creating pronounced risk-off selling in soybean futures. The market will have to see how long the rain-induced selloff will last, however, as the coming forecast is quite different than the past weekend’s good conditions. Soy weakness pulled corn lower though the latter market held its strength near recent technical resistance. Wheat futures rebounded with mild technical support coming from Friday’s apparent market reversal. Funds were modest net buyers in wheat but sold some 8,000 contracts in corn and 15,000 contracts in soybeans. Funds were also notable net sellers in soyoil as chart conditions continue to breakdown for that commodity. Weekend rains over A...
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.