THE OPEN Nov beans: 5 1/4 lower Dec meal: 1.90 lower Dec soyoil: 12 higher Dec corn: 2 1/2 lower Dec wheat: 5 lower Prices opened in line with trade expectations, with traders returning to a buy soyoil/sell meal trade, which ultimately lifted beans higher from lower. Wheat prices continued to find pressure, while corn prices found renewed support from beans. The higher US dollar was mostly negative for wheat, as traders unwound previous buy wheat/sell corn. Mo./ Illinois weather is wetter, and forecasts suggest that the western corn belt could see rains. However, given the declining ratings, the bean market is in a "show-me" the precipitation. More private esti...
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.