GOOD MORNING, Report day! At 11:00 central time traders will see how the new carry-out levels and SA production estimates impact prices. Funds seemed to be onto something yesterday, with corn prices accelerating from the start of the day. As mentioned before, fund buying would probably not be countered with much selling, as farmers are now busy planting. Dec corn is making new contract highs this morning, as May trades back to the level attained on March 31 towards $5.85. Beans continue to waffle on either side of even, caught between lower soyoil today vs. firmer meal trade. Wheat and corn rallied on rumors that China is around the market for both. China could be looking to buy US wheat, as they...
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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.