Bears and Policy Although the discussion at a Kansas City Fed conference was framed as the shifting nexus in agriculture, it boiled down to how bearish should the ag finance community be on the outlook for agricultural prices. Billions of dollars have been invested by farmers and agribusiness in building the supply response capacity to the high crop prices of recent years and the dividends are now beginning to roll in. The University of Missouri's Pat Westhoff forewarned against understating the downside potential in price. Purdue University's Mike Boehlje warned the audience of sub-$4/bushel corn and assured everyone that we are in a farm land bubble with simply a question of when it will burst. Texas A&M's Joe Outlaw lament...
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.