GOOD MORNING, Prices are lower across the board to begin the morning as funds continue to put on new short positions in lieu of weaker macros, lack of demand, and neutral growing conditions. The historic collapse in crude oil futures continues to weigh on commodities in general, but specifically those linked with Ags such as corn and soyoil, which are both making new lows this morning. Sharply lower palm oil impacts soyoil futures, which trades towards the lower end of prices in mid-March. Only wheat futures manage to trade higher as concerns over tightening global supplies on the pandemic and dry weather continues. Crop progress reports were released last night and were in line with expectations. It's early in the...
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.