Wheat futures rallied to start the week on increasing conflict in the Black Sea with Ukraine targeting Russian ocean vessels and adding new uncertainties to the region’s grain trade abilities. Wheat was only the first of two major ag markets (lean hogs being the other) to end the day higher, however, with corn, the soy complex, and cattle futures all turning lower. Favorable rains for the Midwest over the weekend sent soybeans to a 30+ cent/bushel loss for the day and continued to wrestle corn under $5. Fund activity was mixed with moderate short covering in wheat, heavy selling in the soy complex, and essentially neutral positioning in corn. WPI readers will well know that the USDA’s August WASDE report comes out this Friday, a...
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.