Corn futures rallied sharply on Monday, fueled by fund and end-user buying after major technical support levels held last week. Wheat futures were pulled slightly higher from spillover buying while soybeans and soymeal were higher on end-user buying at trading range lows. Weaker crude oil and a moderately bearish NOPA report pressured the soyoil market. The CBOT’s expanded positions limits took effect today, which helped encourage fund buying. Funds are thought to have bought 15,000 contracts of corn today, along with 5,000 contracts of soybeans and 4,000 contracts of wheat. End-users were especially aggressive in the soymeal market after prices dipped below $400. The South American weather forecast is shifting more favo...
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.