Markets were higher overnight, but they couldn’t hold today except for wheat. Wheat has spent the past two days digging out of the hole it fell into on Tuesday. Overall, there are no new fundamentals and so the market is trading purely on technicals, which means mostly sideways as funds trade in and out of their short positions. Perhaps reflecting desperation or better fundamentals, equities found more hope in the upcoming trade meeting between the U.S. and China than did Chicago. There are even rumors of significant outcomes, but with so much fake news it is hard to tell. With ag commodities, we should be going to seasonal lows and so even rallies this time of year should be short-lived. Guesses by the trade ahead of ne...
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.