THE OPEN November beans: 7 lower December meal: 1.40 lower December soyoil: 15 higher December corn: 3/4 lower December wheat: 6 higher The markets opened with new highs in wheat helping corn to stabilize, with soyoil futures firmer than expected. Oilshare returns as a leader. Stories of conflicts with the Phase one deal weigh on beans and corn. US trade reps (USTR) will give a speech regarding the Phase One trade deal, which could include adding more tariffs to China for not complying with the terms. There is an OPEC meeting today as well which seems to be adding to crude oil volatility. Macros weigh heavily at midday, as the Dow drops 300 pts. which seems to take ags off...
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.