World Perspectives
feed-grains soy-oilseeds

The Wait and See Game

After their brief reaction to last week’s September WASDE, grain and soy futures markets seem to once again be mired in their old trading ranges. There is little enthusiasm for pushing futures prices in either direction. Chicago wheat futures did push above their 50-day moving average yesterday, but they have retreated again today. Markets currently lack much of a story, either bullish or bearish, and traders are reluctant to establish new positions. They know that there are a significant number and variety of factors each of which could influence futures market price action. However, predicting whether or not they will do so is presently a guessing game, but apparently not a trading game. Markets have assumed a “wait and see&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.

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