Traders seemed content to take short risk off the table heading into the weekend with USDA’s June Acreage and Grain Stocks reports due out Monday. Funds in particular are comfortable with positions ahead of these reports and saw little reason to push markets further into oversold territory. Too, the recent uptick in export sales business has sparked some commercial buying activity that put a bid under values. Thursday’s trade was interesting as open interest declines for corn, KCBT and CBOT wheat, soybeans, and soymeal futures, with only soyoil OI increasing. That trend was likely accelerated on Friday with funds paring back shorts ahead of the report and, if correct, could be signaling the current selloff move is ending. Beyond...
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.