The overnight session opened with little price direction. Grain and soy prices were down just slightly, although they recovered enough to trade in mixed fashion but very light volume. At the morning recess, corn and soybeans were in slightly positive territory, but wheat was a little weaker. That pattern continued pretty much throughout the day session, which was also marked by low trading volume and little interest for pushing prices in either direction. Daily trading ranges were narrow. Winter wheat futures traded in a 6-7 cent range, corn managed a 3 cent range, and soybeans stayed in about a 9 cent range. At the end, Chicago wheat was down 1-2.5 cents, KC wheat lost 3.25-5 cents, corn was up 1.25-1.75 cents, and soybeans gained 2.5-3 ce...
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.