World Perspectives
feed-grains soy-oilseeds wheat

A Shot in the Dark

As it always does, USDA used its Annual Outlook Forum last week in Washington, DC to update its 10-year baseline projections. The trade of course pays the most attention to those for the coming marketing year. WPI published its initial 2019/20 U.S. supply and demand estimates for corn, soybeans and wheat in January. The table below shows a comparison of WPI’s initial numbers versus those just released by USDA. WPI’s opinion in January was that soybean acres would not shrink as much as many analysts expect, which would also mean that corn acreage would not increase as much as anticipated. We still believe that today, especially considering the positive news surrounding the U.S.-China trade talks. The soybean market has been un...

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.445/bushel, up $0.04 from yesterday's close.  Mar 26 Wheat closed at $5.0775/bushel, up $0.015 from yesterday's close.  Jan 26 Soybeans closed at $10.5225/bushel, down $0.06 from yesterday's close.  Jan 26 Soymeal closed at $298.4/short ton, up $0.2 from...

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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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