General Comments The smaller estimated U.S. corn yield and production in Monday's WASDE kicked corn futures prices higher. By Tuesday, doubts about USDA's estimates plus realization that the 2013/14 corn outlook was still bearish caused corn futures to lose all of Monday's gains plus more. Today some uncertainties in updated weather forecasts suggested that maybe Tuesday's falling corn prices were overdone and prices rebounded to close 7-8 cents higher.To put it another way, December corn closed up 9.75 cents on Monday following USDA's report. It closed down 16.75 cents on Tuesday and finished up 8 cents today. The one thing that is clear about the corn futures market is its nervousness. It does not seem to trust itself. Granted, USDA'...
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.