THE OPEN March beans: 1 1/2 lower March meal: .10 lower March soyoil: 3 lower March corn: steady March wheat: 2 higher Prices opened as expected with further strength in wheat, which put in a new trading range high after the bell. Light profit-taking was noted in oilshare, with fund selling in corn. Weaker energies weighed on soyoil and corn, which pressured price action into the January WASDE. As was the price pattern in 2019, corn prices did tend to drift to new lows before major reports, keeping the same trading range pattern into 2020. On the news front, White House Adviser Kudlow stated that the trade deal was still on for completion on Jan. 15. At 11:00 th...
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.