It was all green at the open except for cattle and that was pretty much the day. It is a trifecta, the perfect storm, when droughty weather threatens, there is strong export demand and the technicals are motivating. Volume today was above average for everything but live cattle and SRW wheat. Still, there could be some profit-taking tomorrow ahead of the weekend, though no one will want to go completely short. Spending the last two weeks getting out of record short positions in corn has no doubt cost the funds a lot of money. That was offset by having been long in soybeans for a long time. The near-daily soybean sales look to continue and are a major driving force in the pits. But the market may also be both technically and fundamentally ov...
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.