General Comments Helped along by yesterday's bearish WASDE, trader sentiment has rapidly shifted from concern about late planting to the assumption that "rain makes grain," and anticipation of rapidly building U.S. stocks of corn and soybeans. Although it is less talked about, the assumption that the world will not need increased U.S. production in 2013/14 could be added to the list. What a difference a year makes!The bearish case was helped further by a Goldman Sachs research memo in which, to paraphrase, it foresees corn prices falling to at least $4.75 and possibly to $4.25. Soybean prices are headed to $11.00 with $10.00 a distinct possibility. The corn price prediction is at least $0.75 lower than Goldman's May advisory, and the soy...
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.