Canadian Canola Crop Forecast Below Expectations, But Still a Record Statistics Canada released its production forecast yesterday for Canada's main crops. The agency is forecasting canola production this year at 14.7 MMT, which is the largest ever and would be an 11.5 percent increase over last year. However, the projection is well below the average trade estimate of 15.5 MMT.The survey of the canola crop was done 25 July–5 August. However, trade sources say the crop has seen exceptional weather since the survey was done and, for that reason, the crop likely will turn out to be substantially higher than the Statistics Canada estimate. The agency is forecasting this year's average canola yield at 33.7 bushels/acre (1.89 MT/hectare) vers...
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.