GOOD MORNING, Prices worked both sides of unchanged in consolidation mode in the PM session. This week's lower performance was courtesy of weaker outside markets, a higher US dollar, and upcoming rainfall events for the western Corn Belt. As a result of a weaker technical picture, funds were taking some bullish positions off the books with perhaps some margin calls? Harvest now draws ever closer, adding some weight in that respect as well. Since it is Friday, would look for two-sided trade with some short-covering activity, fresh pricings, and perhaps those looking to establish a purchase at perceived trading range lows. Prices in the big picture are still in large sideways chops, but the c...
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.