The CBOT was mixed at mid-week and mostly continued its consolidation after the recent WASDE-derived surprises. Corn futures pushed higher with stronger spread trade and players still watching the dryness in Argentina and slowly growing potential for a late start to the Brazilian safrinha planting. Fresh news was light for the day other than a bullish NOPA crush report that put December soybean processing at an all-time high. Much of the bullish momentum in the ag markets is concentrated in livestock, particularly cattle markets, with grain futures feeling like they are trying to establish new trading ranges following their post-WASDE adjustments. WPI looks for continued consolidation in CBOT markets through this week and likely the next on...
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.