Markets traded mostly steady overnight and until the USDA WASDE was released at noon (EDT) today. Both the 2018/19 revisions and the first look at 2019/20 were bearish for corn, wheat and soybeans. That initially sent corn and wheat futures down 5-6 cents, while soybeans dropped 1-2 cents. The important USDA numbers are highlighted in a separate analysis in today’s report. U.S. and world ending supplies of corn, wheat and soybeans are all projected to increase in the new marketing year IF production estimates prove to be accurate. The other news was that the latest round of trade talks between the U.S. and China ended with no agreement. The U.S. did implement the additional tariffs promised earlier this week. President Trump tweeted...
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.