The CBOT found its way to higher ground on Thursday after an old-school hard opening with no overnight session to guide the market. Argentina’s weather is starting to become more impactful for grain futures as dryness persists into the mid-January forecast, which could disrupt early corn and soybean yield potential. The weather story emboldened CBOT bulls and sent soybeans, soymeal, corn, and wheat all higher for the day. Corn and soybeans, along with soymeal, all scored bullish technical days on the charts that should continue to keep funds actively engaged on the long side of the market. Some of the impact of the day’s technical developments may be blunted by the typically light trade between the Christmas and New Years holidays, but 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.