The markets found early, overnight strength after initial corn harvest results from parts of Indiana, Illinois, and Iowa showed areas where yields were 40 percent lower than 2018. Additional support came from confirmation that the cancelation of Chinese trade delegate visits to American farms last week was not reflective of poor negotiating progress. The trade-positive news put a bid under the soybean market especially, which finished the overnight session 13 ¾ cents higher (basis November futures). The day session featured mostly higher prices, except for winter wheat and soyoil which came under pressure. Livestock futures benefitted from the bullish cattle on feed report while spring wheat futures continued to climb higher...
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.