Corn and soybeans have been the primary focus of the markets since last summer's U.S. Corn Belt drought. That drought didn't have much impact on U.S. wheat yields. In fact, 2012 spring wheat yields were not affected by the drought at all. As the table below shows, 2012 tied the record wheat yield. The Northern Plains generally had very good crops because of a very good subsoil moisture profile. Nevertheless, wheat ending supplies slipped lower for the third consecutive year, primarily because of the strong pace of wheat feeding. Many analysts have paid little attention to wheat supply and demand numbers for either the U.S. or the world. In fact, we are already starting to see estimates of a very large 2013 world wheat crop. That's a subje...
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.