WASDE and the Soybean Sector Tuesday’s USDA crop production and WASDE reports sent a shock through the soybean sector. USDA reduced its estimate for the 2020 U.S. soybean yield from 51.9 bushels/acre (3.49 MT/hectare) to 50.7 bushels/acre (3.41 MT/hectare). That resulted in reducing its estimate for the U.S. soybean crop from 4.268 billion bushels (116.16 MMT) to 4.17 billion bushels (113.5 MMT). Because of the lower U.S. production, USDA reduced its forecast for U.S. soybean ending stocks from 290 million bushels (7.89 MMT) to 190 million bushels (5.386 MMT). That is the lowest stock level since MY 2013/14. USDA raised its forecast for the average U.S. soybean farm price from $9.80/bushel to $10.40/bushel. The ending stocks amounts...
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.