It has been more low and slow trade overnight and again today. Wheat is the star of the day with the May contracts for Chicago and KC both closing up 8.25 cents and that for MGEX finishing 6.25 cents higher. Low trading volume can often result in abrupt and sharp price movements as market orders search for takers on the other side, but not today. Corn and soybean futures were locked in narrow trading ranges, reflecting a general lack of interest in doing anything. May corn held to less than a 4-cent range, and May soybeans were stuck in a 7.25-cent range. The U.S.-China situation is hanging out there still to be resolved. There will undoubtedly be different impacts from the deluge of water from melting snow and rain working its way from 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.