The CBOT opened higher with soyoil following through on yesterday’s upside breakout and charging to new highs. The latest Argentine weather forecasts are threatening the corn and soybean crops there, which helped CBOT futures higher as well. Corn and soybeans posted solid gains with supportive technicals and speculative traders hesitant to be short heading into a weekend of hot, dry weather for Argentina just ahead of the March WASDE. Wheat futures struggled as the U.S. dollar strengthened and traders used the commodity as the sell-leg of soy/wheat and corn/wheat spreads. For Friday, funds are thought to have bought 10,000 contracts of soybeans, 12,000 of corn, and 3,000 of wheat. The Argentine weather is once again the key var...
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.