Once again, Trump, Iran, and the Middle East were the hub around which the CBOT trade revolved on Wednesday. Late Tuesday, the U.S. agreed to a two-week ceasefire agreement with Iran, just days after President Trump threatened to escalate attacks against the Middle Eastern country. In the announcement, President Trump said the truce is conditional on Iran reopening the Strait of Hormuz, and Iran initially signaled a willingness to ensure “safe passage” through the maritime route. The prospect for crude oil and energy supplies moving out of the Persian Gulf again sent crude oil futures $15/brl lower overnight and sparked a selloff in CBOT grains and oilseeds too. For grains, nothing really changed following the announcement &ndas...
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.