The CBOT opened mixed but quickly found solid selling pressure as wheat futures tumbled lower under pressure from yesterday’s WASDE that forecast large world ending stocks for 2020/21. Exacerbating the move lower, and providing widespread weakness to commodity markets, were comments from Federal Reserve Chairman Jerome Powell that suggested additional monetary stimulus will be needed. Commodity markets were already grappling with expectations for large supplies, and signals about continued demand weakness and/or slow growth added to bearish sentiment. Outside markets posted modest losses on Wednesday with U.S. equities pressured by the Fed Chairman’s comments. Investors are cautious about the economic recovery, espe...
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.