If recent forecasts are to be believed, Brazil’s 2017 soybean crop will apparently not only be a record, it will be huge. As optimistic as those projections are, however, there is some evidence to suggest it will be smaller. Is Brazil’s Soybean Crop as Large as Many Forecast? If the forecasts issued recently by consultants and the Brazilian government are to be believed, Brazil’s 2017 soybean crop will apparently not only be a record, it will be huge. Some are estimating it will be as large as 107 MMT (3.931 billion bushels). USDA’s January forecast calls for 104 MMT, an increase of 2 MMT from December. Conab, Brazil’s crop supply agency, is forecasting the crop at 103.8 MMT, and the firm Safras and Mercado estimated 106.1 MMT in its Dece...
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.