Good Morning, Overnight prices featured a technical rebound in the soy complex while grains were slightly firmer. Prices should begin to find support at recent ranges as the July WASDE will be released next Monday and will apply the latest acreage and stocks data. Fund positions show managed money dialing back length, with funds ending last week 6/29 long 245K corn, even to slightly long wheat, long 76K beans, net long 15K meal, and net long 48K soyoil. With selling on Tuesday, these positions should look even smaller. Corn has the largest losses because it has the most length. For trends to turn, funds have to begin a liquidation phase on a fundamental outlook, which was certainly not the...
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.