After two days of exciting trade, the CBOT settled down a little on Tuesday to reflect more deeply on market fundamentals. Monday’s Crop Progress data was largely reassuring for the major row crops, which helped create more stability in futures for the day. Wheat futures dipped but did not stray far from their recent values as funds remain leery of expanding shorts amid the spring wheat troubles. Corn and soybeans were firmer as the Midwest weather remains hot and dry over the next two weeks, which is prompting ongoing short covering from spec traders. Overall, however, the day had the feeling of reevaluation and/or cautiously continuing the recent trends amid little fresh news. The big market movers for the day were the livestock con...
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.