There have been many questions about the potential number of acres in North Dakota that will not get planted and, instead, go to Prevented Plant (PP) under the crop insurance program. When North Dakota and eastern Montana were saturated in 2011, slightly more than 5 million acres were not planted in North Dakota alone. WPI's estimate this year is that approximately 3 million acres will not get planted and thus go the PP route in North Dakota. That is significant and is more than has been talked about in any market media. In fact, it has been a topic of conversation among only a few players in the market. Instead, we read that farmers in North Dakota made good planting progress again last week and that all the spring wheat intended acres g...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.