The CBOT started Tuesday with bearish pressure that impacted corn, soybeans, and wheat alike. The day’s trade didn’t end there, however, and the major grain markets settled higher to start the week. Traders initially reacted to the forecasts for a winter storm across the Southern Plains and Midwest that will bring beneficial moisture this week. The region is experiencing drought conditions and concerns are growing that, unless it receives steady moisture this spring, the planting effort will be constrained by drought. Additionally, the news that China’s GDP grew at 3 percent in 2022 – the second slowest pace since 1976 (2020 was the slowest) – reignited concerns about a slowdown in the importer’s economy...
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.