Trade this week has been volatile to say the least with the November WASDE catching the markets by surprise but profit taking pressuring futures yesterday. Trade on Friday was more muted, but wheat markets rallied into the close as early weakness found strong technical support and end-user buying. Soyoil posted a strong bullish technical session overnight and traded higher through the day. That lent additional support to the soybean market, though soybean futures look to be consolidating now. Livestock futures were sharply lower as new longs liquidated positions amid cash market weakness. The latest forecasts from NOAA point to a deepening La Nina event for 2020 and 2021. Pacific Ocean temperatures are well below normal and the band of col...
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.