The Market Due to the strong yesterday from USDA’s October WASDE report, November soybeans ended the trading week up 14.25 cents. It traded intrasession just a fraction away from the psychological $13 level but it seems stuck just below that for a while to come. Export sales are below USDA’s forecasted pace but ahead of last year due to strong Chinese demand. December soybean meal surged $15.80 yesterday, in part due to a 100 KMT sale that was announced today. Strong meal sales enabled the contract to gain $17.90 on the week and close it out at $390/ST. It traded today at $399 but it is challenged to break its psychological $400 level. By contrast, December soyoil lost about a penny this week and continues to struggle. ...
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.