Having become confident that it has a good handle on total U.S. corn supplies for 2016/17, the market has already begun to switch its focus to the next two potential market-moving factors.According to USDA, some 61 percent of the huge U.S. 2016/17 corn crop was harvested as of 23 October, which is about in line with the five-year average. Except for some rain predicted for the Corn Belt later this week, the weather outlook calls for mostly dry, warm conditions until mid-November that should allow the corn harvest to easily wrap up. Essentially, weather conditions during the harvest have been about as favorable as they were through much of the growing season.USDA/NASS’s October estimate of the U.S. 2016/17 corn production is 15.057 billion b...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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.