THE OPEN January beans: 1/2 higher December meal: 1.70 higher December soyoil: 31 higher December corn: 3/4 higher December wheat: 4 lower The markets opened with bean and meal prices placing new highs after the open as the inverse steepened, followed by new highs in beans and corn. Funds continue to purchase out of the gate as technical strength continues and setbacks remain shallow. Bull spreads for corn, beans, and meal remain firm as the market calls for more supply to fill export pipelines. Today's higher prices seemed to find increased movement and profit-taking by the noontime hour. Solid bean and corn sales were constructive for this morning's early rally,...
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.