Wheat The rains that fell across Argentina last week covered a good part of the wheat-growing area, but the accumulated water was very little so soil moistures and the crop conditions continue to worsen. Only 14 percent of the wheat crop was rated good/excellent at the end of last week, down from 50 percent this time last year and 31 percent for the three-year average. The Rosario Grain Exchange is now discussing a crop that could be as small as 16.5 MMT, the lowest officially reported estimate so far, but one in-line with private analysts’ and traders’ thinking. There has been irreversible crop damage done in parts of Argentina, particularly the north, but current forecasts offer good rains for the first week of October. If th...
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.