USDA will release its May 2019 WASDE tomorrow (10 May) at noon (EDT). While it will update U.S. and world supply/demand estimates for the current crop year cycle (as every WASDE does), the report will also provide the first serious detailed projections for the same in 2019/20. Doing so for the next year this far in advance could be called a fool’s game. The Northern Hemisphere new crop winter wheat harvest is still many weeks off with most new spring-planted crops still in the seed bag, and the Southern Hemisphere is not yet finished harvesting the current crop. Their new 2019/20 crops are months away from being planted, and that harvest is nearly a year away. Nevertheless, it is an exercise that USDA analysts engage in for every May...
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.