Often before the release of major USDA reports we have warned that traders should not allow themselves to become too complacent about their pre-report analyses of what USDA will report. Surprising results are always possible. Monday’s report of quarterly U.S. grain and soybean stocks was a case in point. USDA’s report showed 1 September stocks of corn and soybeans were significantly lower than market expectations. The 1 September corn and soybean stocks also are ending stocks for the 2018/19 crop year that are carried over into 2019/20. USDA reported that soybean stocks are 913 million bu, about 70 million bu or 7 percent less than the average trade prediction. Corn stocks are counted as 2.114 billion bu com...
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.