The CBOT was mostly higher on Tuesday as strong export demand – even in spite of Argentina’s temporary export tax cut – continues to drive the grain market outlook. Corn demand remains especially strong with Mexico booking another several cargoes overnight despite its own outlook for greater production this year. Wheat also joined in the rally with a combination of bargain buying and possible fresh export interest lifting contracts off contract lows. The laggard for the day was soybeans, which while finishing higher, lacked any meaningful strength as China continues to avoid U.S. soybeans, most recently in favor of large Argentine purchases. Live cattle futures also joined the Turnaround Tuesday mentality with nearby contr...
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.