GOOD MORNING, Prices trend higher on dryness in SA and cold weather extremes in the US. When bull markets begin a break-out to the upside buying activity can be consistent and persistent as funds want to own strength for a leg up. So it goes with corn, which posts another new contract high in the overnight session, along with beans. Dec. corn posts a new contract high at $5.25 3/4, with November beans trade to new contract highs at $12.99 1/4. Adding more fundamental support is the lower forecast for corn production in Brazil by Rabobank, with 20/21 total corn to 105 mmt from 107 mmt prev. as dryness continues. Markit lowered the Safrinha crop to 79.45 mmt vs. 85 mt prev. Fundamentals...
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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.