World Perspectives

WPI Transportation Report

Dy Bulk Markets  Again this week, the bullish story is the rapid rise in Capesize vessel freight values with demand for Australian iron ore driving most of the rally. The Aussies have seen strong demand for August shipments in particular, which is pushing the forward end of the curve higher. The commencement of building what will be the world’s largest hydropower dam in China – the Yarlung Tsangpo megadam – has also boosted Capesize values as it will take over 40 MMT of cement and 150 MMT of aggregates.  While the Capesize sector rallied further, the Panamax and Supramax sectors failed to find any similar support and limped sideways/lower for the week. The Panamax FFA 4TC curve rebounded on the move in Capesize v...

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Summary of Futures

Dec 25 Corn closed at $4.28/bushel, up $0.05 from yesterday's close.  Dec 25 Wheat closed at $5.13/bushel, up $0.0925 from yesterday's close.  Nov 25 Soybeans closed at $10.4475/bushel, up $0.1 from yesterday's close.  Dec 25 Soymeal closed at $292.3/short ton, up $2.3 from yeste...

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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.

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