Macroeconomic and commodity market policy factors were front and center for the CBOT’s trade on Wednesday, following the devaluation of the Argentine peso and the Federal Reserve’s interest rate decision. Both policy decisions came in as expected with the Fed holding rates unchanged and Argentina’s new President Milei issuing a sharp cut to the peso. U.S. commodity markets saw more threat than benefit from Argentina’s move and the soy complex sold off sharply in response and dragged corn lower as well. Wheat futures were on the defensive in light-volume trade amid a general lack of news. Ag commodity markets should have seen some support from a weaker U.S. dollar and higher crude oil futures that developed following...
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.