With the February WASDE in the rearview mirror and traders having contemplated the numbers for a while, the CBOT markets showed mixed reactions to the fundamental update. The corn market reversed course from its post-WASDE selloff and instead chose to focus on the bullish factors on the horizon, namely the weather issues in South America. Conversely, the soy complex increased its focus on the bearish implications of the WASDE’s large-supply outlook and sold off sharply. The wheat market was caught between these two influences and a bearish move in Paris wheat overnight and both the CBOT and KCBT markets ended with slight losses. Funds reinforced their bullish corn positions while paring back similar bets in the soy complex. In t...
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.