World Perspectives
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AM Outlook - Time for Recovery Today

GOOD MORNING, Prices are firmer this morning on oversold conditions and short-covering heading into the Thanksgiving closure on Thursday.  The delivery cycle begins at the close of this session with first notice day commencing on Friday, November 29.  Corn volumes are still comprised heavily of spread trade, with Dec/March making up the majority of trading volumes.  First notice day often has a bearish component to it as longs have to decide whether to roll or liquidate.  In this case, the delivery cycle, good weather in South America, and continued back and forth trade rhetoric talk took a toll on price action this week, even though beans at the Gulf are priced attractively.  Time for recovery today.  ...

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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.

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