Wheat Dry weather and a sweltering heat wave allowed for a rapid advance of the wheat harvest and an even earlier harvest date in the southern part of the agricultural area. Farmers harvested an additional 19 percent of the area last week, putting the total harvest at 42 percent completion. Yields are averaging just 1.9 MT/ha across the nation so far and there is a lot of heterogeneity. Some fields are yielding above expectations while many are below. In the Cordoba zone, yields are 30 percent below historical levels, while in the nucleus region they are up to 60 percent. Most crop estimates put the final production between 11 and 12 MMT, below USDA’s December WASDE forecast of 12.5 MMT. So far, the quality of the wheat is goo...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.