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Market Commentary: Soybeans Rally on Poor Argentine Conditions; Corn Stabilizes Ahead of WASDE

The CBOT opened on a weaker note following yesterday’s selling pressure but quickly found buying support and traded higher. Soybeans were the upside leader on Friday with soymeal trading higher as well. Soyoil struggled as the sell leg of soy complex spread and wheat traded a mostly weaker day as well. While the corn market closed higher, the day was quiet and saw bulls mostly unwilling to commit to prices near $5.00. The corn market seems content to hold a sideways pattern heading into the January WASDE.  Next week’s WASDE report is expected to feature reductions in the U.S. corn, wheat, and soybean carry out for the U.S. balance sheet. Analysts surveyed by Dow Jones expect USDA to trim the U.S. corn carry out by 103 Mbu...

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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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