The CBOT was essentially all red on Wednesday with traders finding little support from either the fundamental or technical components of commodity price analysis. Wheat was the downside leader for the day as a strong dollar, improving conditions in the Plains, and increasingly tepid exports from the U.S. and Europe weighed on market sentiment. Corn and soybeans were lower as well with funds reluctant to add risk on the long side and seeing more downside potential, especially in the soy complex. The corn market also seemed to be under pressure from spillover selling for soybeans and especially wheat as the yellow feed grain had little bearish news of its own. Overall, the day’s trade seemed dominated by fund selling in response to weaker whe...
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.