Record Canadian Canola Crop Statistics Canada sharply increased its forecast on Friday for that country's 2013 canola crop. It raised its forecast from 14.745 MMT to 15.963 MMT. The big increase was based on the high yields that Canada's farmers are harvesting. If realized, it would be by far the largest canola crop Canada has ever produced. However, the StatsCan forecast was still below the average forecast of analysts of 16.6 MMT. That suggests the agency may raise its forecast even more next month.StatsCan forecasted Canada's soybean production this year at 4.817 MMT. That was below the average analyst estimate of 4.8 MMT and last year's crop of 4.93 MMT. It also estimated the country's corn crop at 12.943 MMT. Last year's corn prod...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.