GOOD MORNING, Prices remain firm with beans and soyoil in the lead while grains are firmer as well. The short-covering tone that started Tues. continues. More bean business to China and a slightly slower planting pace keeps beans pointed to the upside. But technically, beans and soyoil have spent time solidifying support, and are now attempting to see what is reasonable to the upside given the current status of overall demand. Soyoil futures and oilshare trend higher on the back of a sharply higher palm oil market. Corn begins its day closer to trendline support, which could create further short-covering given the technical outlook. REPORTS Planting Progress: Corn: 88% planted vs. 90% expected,...
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.