Most analysts considered last week’s USDA reports to be at least somewhat positive for prices. Ending stocks of wheat, corn and soybeans are now projected to decline in MY 2018/19, both in the U.S. and the world. Corn will see the greatest decrease, primarily because of the sharp drop in China’s supplies. Smaller crops in Brazil and the U.S. are also part of this price-friendly outlook. The Northern Hemisphere growing season is just beginning, but it’s already safe to say that the overall weather outlook almost everywhere is just not as perfect as it’s been for several consecutive years. USDA used big yield estimates in the latest WASDE. If actual yields don’t achieve those levels, ending supplies will b...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.