GOOD MORNING, Prices are higher across the board this morning on weather forecasts, with positive macros lending a hand. Corn is higher this morning on the back of lower Pro Farmer tour results and forecasts for hot and dry weather this week. The Pro Farmer tour put the corn yield at 177.5 bpa vs. USDA at 181.8 bpa, and production at 14.820 bln bu, vs.15.278 bln bu in the August report. Pro-Farmer results were more bearish for beans, with a 52.5 bpa, and production at 4.362 bln bu vs. 4.425 bln bu in the USDA report. The largest discrepancy between the August USDA number and the crop tour was therefore in corn, which created more unwinding of previous buy bean/sell corn trade. The number for corn was bu...
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.