The announcement last Friday that Egypt bought U.S. wheat for the first time since May 2017 sent a bullish message to wheat futures that day, and the resulting very strong session sent them back up into almost neutral territory from a technical standpoint. The bullish message was that U.S. wheat was now competitive to virtually every world buyer. The market tried to follow through in the Sunday night session with Chicago wheat trading as much as dime higher before fading near the end of the session. There was no fund buying today, and wheat futures struggled to even stay unchanged. The meeting last Friday between Russia’s government and exporters didn’t shed any new light on how much wheat that country will ship this marketing...
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An Ankylosaurus lumbers along the shore of what’s now eastern Montana. Walking low to the ground, the dino uses its flat, leaf-shaped teeth to tear at ferns lining the water. Suddenly, a shadow looms over the herbivore—a Tyrannosaurus rex is hungry. But Ankylosaurus won’t be a...
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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.