USDA will release the May WASDE on Thursday, which will include its first glimpse at the 2017/18 U.S. supply and demand estimates. It will presumably use trend-line or near trend-line yields for corn, spring wheat and soybean crops because it is so early, but it is unlikely to factor in any weather conditions or later-than-desired corn and spring wheat planting into the production estimates. This means ending supply estimates for MY 2018/19 will also probably be larger than the actuals unless crop production weather improves. There was chatter last week and again today about cargoes of Russian wheat headed to Mexico and French wheat on its way to the U.S. We don’t doubt these rumors. When considering these unusual shipments, howeve...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.