After a week of stunning volatility, the CBOT ended Friday with quiet trade that saw summer row crops firm while the wheat selloff continued, though in muted fashion. The USDA’s July WASDE wasn’t exactly bearish, but funds are growing tired of holding commodities amid the lack of a bullish story and rising inflation. That left them as net sellers all week, which pushed the CBOT lower. Wheat futures remain particularly weak as the strong U.S. dollar works against export potential. Additionally, the advancing northern hemisphere harvest is reassuring regarding world supplies, taking away another possible bullish story. For corn and soybeans, there is a growing sense the current selloff was overdone, especially with a hot, dry weat...
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.