The CBOT started lower today with corn, the soy complex, and wheat all moving into the red overnight. Corn finished the overnight down 4 cents and soybeans down 5 ¼, which was not an insignificant move. Yesterday’s poor technical close in corn and two-sided trade in soybeans left the market with a selling mood last night. The day session saw mostly mixed prices but soyoil triggered buy-stops and moved higher on expectations that the September NOPA report would show tighter soyoil stocks. That lent some support to the soy complex early, but soybeans and meal fell in late-day trading. Corn and wheat were lower with corn on the selling end of soy/corn spreads and wheat finding general resistance on rallies. The...
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.