It was certainly Turnaround Tuesday at the CBOT with grains heading lower and cattle seemingly the only market to find support. Funds were active sellers at the open but improving technical conditions limited the amount of follow-through this morning. The Saudi oil minister noted the country could be back to producing at full capacity in 2-3 weeks, which pressured oil futures and generated a general bearish feeling in markets including grains and oilseeds. Outside the Saudi news, there was little else fresh information to trade on. The Chinese trade delegation will arrive this week for negotiations at the White House, but any outcome from those talks is unclear and far from certain. One positive note is that China purchased (accordin...
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.