Weather reduced production coupled with increased demand have whittled down global surplus grain stocks, but the changes have not been uniform. China is the largest holder of surplus wheat and corn stocks, and Beijing has reduced its corn surplus by 11 percent and the wheat overhang by 6 percent. Those are small cuts but from a large base. Meanwhile, the EU has reduced wheat carryover by over 50 percent from their peak. However, in terms of volume, no country has reduced its wheat and corn stocks from their peak as much as the U.S. – a collective reduction of over 42 MMT. There are contrarians. For example, South Africa’s modest corn surplus has been held steady while India’s wheat ending stocks are up 12.5 percent...
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.