GOOD MORNING, Prices were on the defensive once again as the markets continued to leak lower as funds liquidate more length. Would note that outside markets are also lower, including stocks and crude, which weighs on ags and makes this appear to be a macro day of across -the-board selling. The inability of a market to hold a rally is not good if one is a bull. Prices continue to slide as the bullspreads in beans weaken. Weaker processor bids, lower crush, and a nice beginning planting pace help to send bean prices towards the lower end of trading ranges. Domestic bean basis bids continue to drop, while western Corn Belt basis is firming. Decent crop tour results in Kansas impacted wheat prices.&nbs...
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.