The fundamentals are changing for corn and wheat. While agricultural commodities have been stuck in a bear market for years now, the late U.S. planting has clearly altered the corn market’s course. Now shifting weather patterns in global wheat-producing regions are introducing bullish sentiment in that market as well. Soybeans, however, look to be locked in a bear market despite today’s 25-plus-cent rally. Evidence for the above statements comes from the futures market carry (i.e., the difference between one contract month an another). When comparing the nearby futures contract price (presently the July 2019 contract for corn, soybeans, and wheat) against deferred contract prices, the comparative demand for a commodity at a poi...
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.