The CBOT waivered near contract and all-time highs in various commodities on Monday with better weather forecasts in the U.S. offering pressure. Moreover, a slow realization that Indonesia won’t be able to maintain an export ban on palm oil sent soyoil futures 5 percent lower, a move which pressured the entire soy complex. For the day, funds were net sellers in soyoil, soybeans, soymeal, and corn while remaining flat wheat. Last week’s CBOT open interest data showed funds are more quickly exiting their long soybean positions but are holding only long corn and wheat positions. Updated weather models continue to show hot, dry conditions for central and northern Brazil in the next two weeks as the safrinha crop finishes its...
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.