CBOT markets opened on the defensive with traders cautious ahead of the May WASDE. The market was expecting a bearish report and that pressured the soybean market early, despite USDA’s daily export sales wire that reported 136,000 MT of soybeans sold to China for delivery during 2019/20. The May WASDE was friendlier than expected by most analysts with USDA making modest adjustments to U.S. and world balance sheets. World corn, wheat, and soybean production are all expected to increase in 2020/21 and the theme of large supplies will be dominant during the coming marketing year. For now, however, USDA’s cautious adjustments to demand-side factors meant that 2019/20 and 2020/21 U.S. ending stocks are initially forecast below...
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.