In many respects, the U.S. wheat year of 2013/14 will be a strange one. Much of the hard red winter (HRW) crop was planted in drought conditions last fall. It struggled through very dry winter dormancy and a spring growing season that was only eased by spotty spring rains. USDA estimates HRW production at 791 million bushels, down more than 200 million from last year, and some private analysts think USDA's estimate is too high. Because of wet conditions in the Northern Plains, most of the hard red spring (HRS) crop was planted and is maturing very late with only 18 percent harvested at last report versus an average of 38 percent. USDA estimates HRS production will reach 475 million bushels, down 30 million from last year. On the other han...
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.