The CBOT was sharply higher in trade that continued the bullish reaction to Thursday’s WASDE report. All three wheat classes and new crop corn futures scored new contract highs, though CBOT wheat and corn pulled back to post modest losses for the day. Soybeans rallied sharply and are moving towards the high side of their trade range after China returned to the U.S. to secure old crop supplies. Even lean hog futures got in on the bullish trade and rallied $2.40-$3.35/cwt on short covering. The major loser for the day was the live cattle contract where funds were still net sellers and pushed the market below major technical support. Funds were net buyers across the board on Friday as USDA’s latest assessment points to continued ti...
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.