While the EU was able to mostly deal with its huge wheat supplies in 2014/15 through large increases in feed use and exports, it will have greater difficulty finding homes for its big 2015/16 crop in the context of the third consecutive year of record-large global wheat production.The world is awash in wheat, to use the old cliché, and the EU has done its part. Its 2015/16 wheat production is estimated at 155.6 MMT, barely less than last year’s record 156.5 MMT. During 2014/15, the EU was able to mostly deal with its huge crop through large increases of 3.4 MMT in feed use and 5.5 MMT in exports compared with 2013/14. Even so, ending 2014/15 wheat stocks were 13.1 MMT, a 3.4 MMT jump over the prior year.In the context of the third consecuti...
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...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.