GOOD MORNING, The markets continue to digest the WASDE information released on Tuesday having made new highs, but in corrective mode today along with weaker cash and outside markets. Offers at the PNW and Gulf were lower after the rally to 15-month highs, with cash corn down by 4c and beans down 8c. Spreads are weaker as the Goldman Roll concludes its run. Wheat prices broke lower yesterday triggering sell-stops under $6.00, with Russia clarifying that their exports would not be as restrictive as before. Headlines on Wed. said that Russia's grain export quota over the second half of its marketing season could be set at 15 mmt, but offered no other information as to when the quota would go into effect.&...
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.