The Canadian province with the fastest-growing soybean area in recent years has been Manitoba where it has expanded 103 percent since 2012. This has been made possible by two particular factors. Brazil's Revised Crop Estimates Today the Brazilian government’s crop supply agency (Conab) reduced its estimates again for that country’s soybean and corn crops. It lowered the 2016 soybean crop estimate from 95.6 MMT to 95.57 MMT. That would be about 7 MMT less than many analysts were predicting early in the growing season before dry weather impacted yields.Conab also trimmed its forecast for the winter corn crop from 50 MMT to 43.05 MMT and cut total corn production in the current crop year from 76.22 MMT to 69.14 MMT. The corn projections are...
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...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.