While the EU was able to mostly deal with its huge wheat supplies in 2014/15 through large increases in feed use and exports, it will have greater difficulty finding homes for its big 2015/16 crop in the context of the third consecutive year of record-large global wheat production.The world is awash in wheat, to use the old cliché, and the EU has done its part. Its 2015/16 wheat production is estimated at 155.6 MMT, barely less than last year’s record 156.5 MMT. During 2014/15, the EU was able to mostly deal with its huge crop through large increases of 3.4 MMT in feed use and 5.5 MMT in exports compared with 2013/14. Even so, ending 2014/15 wheat stocks were 13.1 MMT, a 3.4 MMT jump over the prior year.In the context of the third consecuti...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Inflation is back in the driver’s seat, and agriculture is getting pulled in two directions. A stronger dollar is pressuring grains despite fresh Chinese buying, while renewed Middle East attacks lift crude oil. Higher energy prices can support commodities, but they also raise expenses an...
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.