It might be the rhythm method if funds are withdrawing but in a market in which there are few fundamentals pushing the trade outside of its technical boundaries, today’s market movements were a form of rhythm. It started with an upbeat tempo but what was billed as a Turnaround Tuesday shifted later in the session into the singing the blues for the soy complex and wheat. Lacking an overture or Beethoven’s Ode to Joy, volume was lower on the day. Basically, mostly sideways. Having chewed and spit out the last WASDE report, the markets mostly respected support and resistance levels, except of course soyoil, which had to hit another contract high. The bulls see strong demand, the bears see better weather, farmers are holding,...
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.