The soybean futures market seems to ignore the seemingly inevitable, bearish shift in soybean supply/demand fundamentals in 2014/15. It is almost as though it is stuck in a bullish rut out of habit.The U.S. soybean supply/demand prospects for the remainder of 2013/14, which ends 31 August, and the new crop 2014/15 that follows offer such an extreme contrast that it is hard to believe that they are so closely connected in time. We offer up the following snapshot of the soybean supply/demand outlook for each year to make that point:For its latest 2013/14 U.S. soybean balance, USDA famously bumped up estimated imports to a record 90 million bushels to cover most of the increases for the crush and exports, then lowered estimated ending stocks t...
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...
Unlike the 2022 fertilizer shock, today’s disruption is rooted less in rerouted trade flows and more in damaged production capacity, raw material constraints and uncertain recovery timelines. That makes this a longer-duration risk for U.S. agricultural producers and retailers who must sec...
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.