The CBOT bears were in control of markets again on Wednesday and drove corn and wheat futures lower with significant technical developments. Fresh news remains light but the justification for the day’s declines were expectations for USDA to report expanded corn area and larger wheat stocks next week. Consequently, old crop wheat stocks saw significant pressure while new crop corn dipped below $4.50 in a psychologically – if not technically – important move. Soybeans managed to shake off the day’s selling pressure and traded a two-sided and mostly sideways day. The big news in the soy complex was the bullish breakout by soyoil, which creates a technical outlook for higher trade over the next few weeks. The U.S...
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.