Trade at the CBOT was mostly a low-volume affair heading into the weekend and there was a growing sense that, except for wheat and cattle, most of the week’s activity had already been completed. The soy complex was mixed as soybeans and soymeal were mostly lower while soyoil rallied on technical trade. Corn was caught between this and a 13-cent rally in Chicago wheat, with the latter boosting corn to slight gains for the day. Perhaps the biggest surprise came from the livestock markets where cattle and hog futures rallied sharply on increasingly bullish sentiment and despite weaker trade in their respective cash markets. Grains and livestock should be set for higher trade next week while the soy complex is more likely to remain range-...
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.