Corn and soybeans closed lower in the overnight session, and wheat joined them in trading lower this morning for a brief period before a turnaround that also pulled corn higher by the close. Soybeans couldn’t quite get there but did manage to erase the double-digit losses seen earlier in the day. Overall lighter volumes made it look like a Friday. Outside markets opened higher on lower crude oil prices, but it didn’t last long before oil values resumed their upward climb and pressured financial markets. The release of strategic oil stocks was not enough to satisfy traders and WTI crude is now 12 percent higher than before the war. The dollar moved higher as well, denting agricultural export prospects. U.S. and Chines...
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.