The CBOT was mostly red to start the week with energy and outside markets pressuring futures. Corn, wheat, and soybeans all stuck to their recent trading ranges, however, and meaningful, new technical developments were few on Monday. Chinese soybean crushing margins are improving with stronger Dalian soymeal and soyoil prices, which is helping bolster demand for U.S. product. Through December or even mid-January, the U.S. PNW and Gulf are the cheapest origins for soybeans, which should push additional demand to the U.S. Soyoil futures were sharply lower to start the week, which will be a headwind for soybeans if the trend continues. Funds were modest net sellers for the day and the Goldman roll from September futures forward continue...
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.