Wheat markets finally have begun to focus on the continued severe drought covering the Plains HRW production area. USDA's weekly crop condition report for all winter wheat reported that as of 25 November, just 33 percent of the 2013 new crop was rated as in good or excellent condition, a record low for late November, while 26 percent of the crop was poor or very poor. The good/excellent category fell 1 percent, and the poor/very poor category grew by 2 percent compared to the prior week. HRW is in bad shape because little or no rain has fallen in the past 30 days. Unfortunately, the weather outlook is for this situation to continue for the foreseeable future. Soil moisture is in rapid decline. In a sense, the weekly crop condition numbers...
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.