World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

The CBOT was broadly lower on Tuesday as good crop conditions across the U.S. and surprisingly large Brazilian crop forecasts pressured the markets. Cattle futures defied the bearish trend and close higher. Funds started selling grains at the open, triggering sell-stops in soybeans and soymeal. The index fund roll is now in its third day and traders are positioning for Thursday’s WASDE. The WASDE is expected to be bearish corn and beans, and Tuesday’s trade was dominated by liquidation of long positions and farmer selling with the market at fresh highs.  For grains, one bearish factor was the continued weakness in the Argentine peso, which hit a new historic low versus the U.S. dollar. Similarly, the Russian ruble and Braz...

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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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