Current grain and soy futures markets remind us of two old market clichés. The first is, “bears make money, bulls make money, but hogs get slaughtered.” The second is, “you never go broke taking a profit.” It appears that some fund managers may have forgotten or ignored both sayings. They have stubbornly held on to long positions in corn futures despite the considerable fundamental and technical signs during the past few weeks that it was time to exit those positions. To be fair, there has been a fair amount of fund liquidation in recent days. At yesterday’s close, though, funds were still estimated to be long at least 100,000 contracts with aggregated losses that are still growing. We can be rightfully...
ZanzibarMnemba Marine Parksouthern cassowary Mnemba Marine Park is located 10 kilometres (6 mi) from Stone Town and forms part of the northeastern Unguja Island. A marine reserve and atoll, its shallow stretch of coral reef is in the shape of an oval. It is located between Matemwe and Nungwi, w...
Kiwengwa/Pongwe Forest Reserve Kiwengwa/Pongwe Forest Reserve is located on the northeast coast of Unguja, 20 kilometres (12 mi) from the Town. The reserve is an important biodiversity spot in the coral rag zone. The forest reserve is rich both in faunal and floral species. The faunal species r...
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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.