Soybean futures responded to the sharp gains in crude and financial markets, trading 8-9 higher at mid-morning before weakening towards noon. Meanwhile, corn bounced with the soy complex. General Comments Markets opened Sunday evening little changed from last Friday’s closes, but crude oil rallied as the session wore on as did Asian and EU financial markets. This action pushed soybean and corn futures higher with wheat struggling, which is how markets opened and traded this morning. Soybeans pushed as much as 9 higher with corn up 3-4, while wheat couldn’t trade higher in Chicago or KC with Minneapolis up fractionally. Markets backed off around mid-morning with softness in soybeans dragging corn and wheat off their respective highs.Crude...
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.