Early this morning, USDA's Farm Service Agency (FSA) released preliminary data on U.S. acreage planted, abandoned and prevented from being planted. The basis was information collected from various farm program requirements and crop insurance. FSA shows that about 268,000 acres of corn were planted, and subsequently abandoned, with about 3.573 million intended corn acres prevented from being planted. It also reports negligible soybean abandonment, but shows 1.687 million soybean acres fell into the prevented planting category. Wheat abandonment totaled 2.709 million acres, while prevented planting accounted for 1.977 million wheat acres.USDA/NASS has incorporated FSA acreage data as a factor when making its own estimates of planted and har...
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.