World Perspectives
wheat

All the Ingredients - But No Dough

U.S. wheat futures markets continue to trade in a relatively narrow range that is also near the bottom of a longer term-range (see the Chicago wheat chart below).

Wheat markets should eventually break out of this bearish pattern for a number of fundamental reasons. USDA has been very slow to reduce 2018 world wheat production even though virtually every private analyst and several foreign government groups are using smaller numbers. It did make a few minor adjustments in yesterday’s reports, but those are still not enough (in our opinion). The table below compares USDA’s 2017/18 numbers for the major wheat-exporting countries with its forecast and that of WPI for 2018/19.

WPI’s lower production and export numbers for...

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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.

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