Corn and wheat futures posted a “Turnaround Tuesday” with Monday’s selloff yielding higher prices on a combination of profit taking and short-covering. The soy complex attempted the same but could not hold gains as showers fell across Argentina again and are forecast to continue Wednesday through the weekend. There was little fresh news available for markets and much of Tuesday’s price action was technically driven. Amid the lack of fresh news, the South American weather and export trends and offer prices from major exporters have an outsized impact on futures. Funds were net buyers in corn and wheat and extended their corn longs by some 6,000 contracts while mostly covering some 5,000 contracts of wheat futures. Fun...
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.