The expectations for tomorrow’s USDA WASDE report are set, and they are bullish. There will be fewer U.S. corn harvested acres, lower yields and thus reduced ending stocks. There will be less Argentine and Brazilian corn, and lower world stock. The same with U.S. soybeans, and the world will have less wheat. With that in mind, the market reaction this day before the report was to reduce prices except in soyoil and wheat. It was buy grains and sell soy at the open, but it reversed back into the pattern that has now held for the past several weeks. Today’s adjustments were in part an acknowledgement that the report’s expectations are already baked into the cake. It also reflects some more granular details: • U.S...
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.