Soybeans It seems that there were several traders who were long on positions and suddenly became nervous as the demand failed to materialize. Consequently, prices started to decline rapidly with some trading houses reaching the limits of positioning. This required some traders to sell off their positions aggressively. Chinese crushers failed to make any purchases, contributing to a further decline in the market. Consequently, the cash price also experienced a significant drop. The fall in prices attracted some demand, such as Saudi Arabia making some purchases, but overall, demand remained slow. Farmer selling is likely higher than previously estimated. Instead of 53 percent sold, it is closer to 58-60 percent due to significant pre...
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.