GOOD MORNING, Prices are higher after yesterday's strong performances. Funds added length to their already long positions yesterday, buying 2000 wheat contracts, 6000 corn, 13,000 beans, 3000 meal, and 5000 soyoil. Funds are now estimated to be long 30K wheat contracts, 381K corn, 185K beans, 70K meal, and 124,000K soyoil. Farmers were better sellers of corn on yesterday's rally with a slightly weaker cash basis. Dalian vegoil prices are higher as are beans, along with higher EU wheat and corn. World vegoil prices continue to rise, with talk that China purchased palm-oil. Soyoil futures continue to print new contract highs, taking oilshare ever higher, as canola prices continue to sur...
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.