CBOT markets finished the week mostly higher with short covering in corn and soymeal spilling over to other markets. Vice President Pence noted today that China is committed to making its utmost effort to fulfill its Phase One agreements, a fact which brought comfort to the ag markets. End users are increasingly willing to make purchases on market breaks, which will likely help keep the CBOT supported as the 15 February deadline for China’s implementation of the Phase One agreement details nears. The index fund roll began today and will last for another four days, which will also be a notable force at the CBOT next week. WPI notes that index funds continue to expand their long position in ag markets. Global currency dynamics ar...
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.