The CBOT gave back most of Monday’s gains after U.S. weather forecasts shifted to feature more scattered showers for the western Corn Belt. Along with the more favorable weather outlook, USDA’s Crop Conditions report yesterday was better than expected for corn and soybeans, alleviating some concerns about the recent heatwave across the Midwest. Between the strong U.S. dollar, seasonal trends that argue for weaker corn and soybean prices, and the weather/conditions data, ag commodities found themselves on the selling side of managed money traders’ activity. Funds were net sellers for the day in corn and soybeans, liquidating some 10,000 contracts in each market, and were essentially flat wheat after two-sided trade. ...
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.