The CBOT was entirely red across the major ag commodities Tuesday as weak technical conditions and better than expected crop conditions pressured trader sentiment. Monday’s Crop Conditions report featured bearish surprises in that last weeks’ heatwave didn’t result in the sharp decline in ratings as expected. That may change next Monday, however, as the current weather forecast is still very hot and dry for the major crop states. Additionally, growing expectations for Russia’s wheat crop are pushing European and U.S. wheat futures lower, moves which are happily accelerated by heavily short funds. Bears were in control for the day, but one has to wonder how long that will last with this week’s heat and export in...
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.