The CBOT ended the week on a mixed note with the soy complex continuing its selloff with additional pressure from sharp losses in palm oil futures. Corn was pulled lower by the soybean weakness and from a much-improved weather outlook for the U.S. in the next two weeks. Wheat futures were the only market to see substantial strength, but even HRW futures – despite a rash of bullish inputs – settled lower for the day. Risk-off trade was a theme of the day with the macro-market meltdown of the past two days dampening investors’ risk appetite. Funds were net sellers for the day and liquidated some 18,000 contracts of soybeans, 22,000 contracts of corn, 6,000 contracts of soyoil, and 4,000 contracts of soymeal. The only...
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.