The CBOT featured spread trade on Wednesday with corn and wheat gaining on soybeans. Traders were revering old bull soybean/wheat and soybean/corn spreads, which kept soybean values under pressure. Trading volumes were low and spreading/position evening was the theme of the day. The Wall Street Journal reported this morning that the U.S. and China will hold “high level” trade talks on 15 August. The discussions will include USTR Lighthizer and Chinese Vice Premier Liu He and will reportedly focus on the Phase One trade deal. The USDA FAS announced a daily “flash” export sale of 192,000 MT of soybeans sold to China for delivery in 2020/21. The sale was the first in the past week and speculation remains that Mo...
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.