At the end of the year, thoughts are turning to the future – not just 2022, but the longer term as well. USDA released its preliminary long-term outlook in November, and the final will be out in February at the Outlook conference. The European Commission has already released their long-term outlook. An interesting comparison is the forecast economic growth – a key factor for red meat exports. Overall, USDA’s baseline forecast presents a bullish outlook. The European Commission’s EU Agricultural Outlook for 2021-2031 is slightly less robust. The USDA baseline outlook has a 2022-2031 global GDP growth rate of 3.1 percent. The EU outlook has the average annual growth rate through 2031 at 2.7 percent. Both, however, are...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.