When markets reach equilibrium with little new demonstrative information, you get days like today. The trades move up slightly or down a little and look like both sides of nothing. In the old days, this is when pit traders were able to read their latest dense copy of The Economist magazine. When supply/demand fundamentals are seemingly static, traders turn to macros like interest rate hike impacts on exchange rates, autocratic saber-rattling, and inflation-caused social displacement. All relevant, but tertiary and sometimes exaggerated in effect. Unless or until something breaks hard enough - like a demand crushing recession, or a resumed Black Sea blockade, a rail strike, or a new Plaza Accord on the dollar’s value, etc. Ther...
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.