USDA leaves U.S. corn supply and use outlook unchanged for 2019/20 in the March WASDE. The season-average corn price received by producers is lowered 5 cents to $3.80 per bushel. Global coarse grain production for 2019/20 is virtually unchanged from last month at 1,402.8 million tons. In relation, USDA raised global corn production by 0.4 million tons, as an increase for South Africa is partially offset by reductions for India, Peru, and Russia. (For South Africa, production is higher as continued favorable conditions during the month of February boost yield prospects.) USDA estimates higher corn exports for Ukraine, South Africa, and the EU. For 2018/19, Brazil’s exports for the marketing year ending February 2020...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
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.