World Perspectives
feed-grains soy-oilseeds wheat

Stocks and Prospective Plantings

USDA’s 1 March quarterly stocks and initial planting intentions reports have a history of providing market-moving surprises, and today’s releases add to that history. The corn and soybean stocks had been expected to be record large, and they were. Along with those of wheat, they all exceeded the average trade guesses as reported by newswire services. For corn and soybeans, the difference was substantial at 173 million bushels and 67 million bushels, respectively. Meanwhile, wheat’s stocks were less than 10 million bushels more than expected. By contrast, grain sorghum stocks were considerably smaller than expected, reflecting how tight that balance sheet is becoming.

Stocks of corn and soybeans were surprisingly and bea...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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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.

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