The CBOT rallied to end the week with strong commercial buying early in the day that gave way to some fund buying in expectation of ProFarmer’s yield projections. Since Monday’s surprise decline in U.S. crop conditions, the market has been acting bullishly and the ProFarmer early yield assessments certainly aided that viewpoint. The ProFarmer results were issued after Friday’s close and (as discussed below) will likely be bullish corn next week and neutral soybeans. Beyond the crop tours and an updated weekend weather forecast, fresh news was light for the day. USDA retracted its export sales figures published in Thursday’s troublesome launch of its new reporting website, so the market is without guidance on export t...
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.