It looks from here like wheat might have the tightest fundamentals going into MY 2014/15. Weather's impact on feed grains production (either negative or positive), coupled with Southern Hemisphere yields, will now determine if the highs have already been established or not.Last Friday's USDA reports have set the tone for the summer markets by giving the trade new benchmarks for production, consumption and ending supplies for MY 2014/15. The theme of the reports was consistent. Ending supplies of virtually every agricultural commodity are forecast to increase with the exception of U.S. wheat. Those supplies will fall because of the serious (and worsening) problem with the U.S. hard red winter wheat crop. Here are some additional thoughts: W...
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.