The 30 September USDA quarterly stocks reports didn’t contain any hidden bullish or bearish news for the corn and soybean markets. However, there a few issues related to the large U.S. wheat stocks.The 30 September USDA quarterly stocks reports didn’t contain any hidden bullish or bearish news for the corn and soybean markets, although there had been some concern that perhaps the 1 September soybean stocks number might be skewed higher or lower. Old crop supplies will be pegged at 197 million bushels in next week’s WASDE revisions versus the previous estimate of 195 million bushels. That is tight, but only a third of the soybean harvest has been completed, and the record production will eliminate any immediate insufficiency very quickly.The...
What You Need to Know Today: The U.S. conducted “self-defense strikes” in Iran and said the two sides are “close” to negotiating a ceasefire. “Close” is a relative term, however, and even if 95 percent of the terms are agreed to, the remaining 5 percent is l...
As we reported on 19 May, China has also committed to the resumption of U.S. poultry imports from states without confirmed HPAI detections. USDA’s Animal and Plant Health Inspection Service (APHIS) has updated its China export restrictions webpage to reflect that China has lifted HPAI-rel...
Key Takeaways: Brazil has been the second-largest producer of fuel ethanol globally, but almost all of it was derived from sugarcane until recently. Corn ethanol production has increased due to expanded second-crop corn production, sugarcane storage limitations, and biofuel policy. Brazil is e...
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.