“… [covid’s] always on my mind, [covid’s] always on my mind.” With apologies to Willie Nelson, that was the tune markets were singing Tuesday. After a brief pause yesterday, crude oil, stocks, currencies, and commodities all continued Friday’s risk-off and liquidation trade. The CBOT started the day on a weak note overnight and losses simply accelerated from there. Buying interest was limited but what developed from time to time was quickly sold with funds and speculative traders using rallies to liquidate longs. Fundamental news was light Tuesday except for fresh weather updates for the U.S., Australia, and South America. Argentina and southern Brazil remain concerningly dry this week while central and...
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.