GOOD MORNING, Prices overnight continued strong and posted several more contract highs. Funds were adding to long positions in a big way yesterday, and when that happens the expectations are for much higher prices to emerge. Funds could be long an estimated and record 430K corn now, and are likely record long in beans as well. In the PM session, gains were added on technical merits alone, as May beans drive over $15.00 and Dec corn trades toward $5.50. May soyoil surges to over 61c, and upper targets are now moved back to 65c to 70c based on this strong action. Canola prices hit new contract highs as well. The most powerful market price actions are when fundamentals match technicals, and cash as well. Pu...
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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.