With potentially smaller crops this coming season in South America due to delayed planting schedules, the question is how this will impact major ending stocks. Argentina and Brazil have not historically held carryover stocks in corn and wheat. That burden has been held by the U.S. However, these two countries have tended to be larger holders of surplus soybean stocks. Being the holder of carryover stocks imposes a cost burden that is only ameliorated in short crop years when the residual supplier can earn more money. South American farmers have been increasing their storage capacity over time. However, Brazilian farmers have reportedly forward sold a majority of their upcoming soybeans. The impact on competing suppliers will depend on the...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.