Without a lot driving the direction of the market, today was like a bickering old couple where bulls and bears disagreed over nothing important. Trades could be found on both sides of unchanged as each side sees something in its favor. Early expectations called for follow through on yesterday’s gains, but things turned bearish at the open. While soybeans and wheat held their own, corn faltered slightly. There is always pressure from harvest this time of year, though preventing any real casualties is a sense that weeks of dryness cannot be good for final yields. Indeed, the amount of open interest provides evidence of room for longs to re-enter the market. Overall, the pitching back and forth involves some profit-taking,...
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.