Wheat Thanks to the recent good weather, Argentina’s wheat harvest keeps moving from north to south and total harvest has reached 15 percent of the area. Yields are coming in below expectations, so the Rosario Grain Exchange again reduced its crop estimation from 14 to 13.5 MMT. Rains arrived late for most of the area and some experienced significant frost during the growing season, so the effects on yields are still large and uncertain. WPI is projecting a 13.5-14.0 MMT crop, mainly trusting there will be good and above average yields in Buenos Aires Province. If yields in this area or part of it fail, then we will have to make further cuts in the total crop projection. The most interesting development of the week was the vo...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
In agriculture and food processing, we think a lot about infrastructure: transportation and storage, processing and packaging, distribution and delivery. It is a physical system of roads, railroads, and rivers; concrete and steel storage; processing plants, warehouses, and machinery; and, event...
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.