The CBOT was mostly lower to start the week with traders reluctant to add bullish risk ahead of the USDA’s WASDE report on Tuesday. Too, technical weakness rapidly enveloping the soy complex spooked traders and prompted a more cautious approach. Favorable weather in Brazil, slow soybean sales and shipments to China also contributed to the day’s weakness, which resulted in lower closes for corn, the soy complex, and wheat. Traders and farmers are awaiting the details of a $12 billion aid package for farmers that President Trump said will be released this afternoon, but has not hit the wires as of this writing. Market chatter indicates that Argentine fresh fed beef is on sale in U.S. retailers carrying a “Produced in A...
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.