GOOD MORNING, The markets are breaking down to new lows as rains spread across Argentina and funds begin to tire of markets that fail on higher trends. Prices chop back and forth each day, while stronger nearby futures invite more bull-spread activity. The bean and corn basis remains steady to higher, as is soyoil basis. Wheat finds demand on lower prices. Technically prices remain on the defensive after a lack of upside follow-through. Russia's SovEcon increased their wheat production forecast by 3.0 mmt, as more rains traveragerse the HRW areas. Corn trade cannot go higher despite more Chinese business being transacted due to the weight of the rest of the board. Nearby bull spreads...
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.