The CBOT was mostly lower again on Thursday with funds retaining their bearish grip on the markets and driving futures into the red. Despite adjustments to South American crop expectations, corn and soybean markets are reacting to overall favorable production conditions and the looming crops that will soon exit the region. These expectations sent corn futures to new contract lows along with soymeal, while soybeans and soyoil posted new selloff lows near existing contract lows. The wheat market saw higher trade initially, but technical resistance capped that rally and left the markets to settle lower or near their daily lows. The day’s price action shows that funds are still unafraid to sell short into the market, despite being heavily...
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.