GOOD MORNING, The markets are mostly lower though nearby corn and soyoil trade both sides of even. Corn gains on beans, and soyoil on meal. The sideways chop continues, with corn spreads still firm and bean spreads continuing weaker as Brazil harvest continues and China buying continues to slow. Corn basis and spreads are firm as the crop must be divided between exports, ethanol, and feed. Brazil's IMEA reported corn sowing in Mato Grosso at 88% done, as it enters the final stretch, but lags the year ago pace of 99%. Brazil's domestic corn prices typically trade higher in the off-season on lower stocks, with IMEA noting that domestic prices are up 115% since the start of the 19/20 season. Brazilian farme...
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.