The U.S. weather was just as hot and dry over the weekend as expected and this week’s outlook is unchanged with scorching temperatures predicted for most of the Midwest and Plains. You wouldn’t know it from futures’ price action on Monday, however, as corn and wheat futures plummeted into the red despite gap-higher openings. The reason for the weakness in grain futures was news that Ukraine is seeking to open its own “humanitarian corridor” for grain (and other product) exports along the Black Sea. The country is also seeking “public-private partnerships” with insurance companies to provide insurance for vessels navigating this new route. The prospect for Ukraine to resume shipments through the Blac...
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.