World Perspectives
feed-grains soy-oilseeds wheat

USDA Numbers Bearish Again

The tables below show today's USDA report numbers compared to last year's. In general, the numbers were bearish, although not quite as bearish as expected. Corn

USDA did drop the yield to 158 bushels per acre from the 164.9 bushels per acre used in the Outlook Conference numbers. U.S. corn exports are projected to be 1.3 billion bushels. That is probably too small if prices are going to get cheap. A 2 billion-bushel ending supply number is bearish, but not as bearish as many analysts have been talking about. The world corn crop is projected to be a new record, and so will world demand for corn. World ending supplies will increase if we produce a record world crop.

Soybeans

USDA lowered the corn yield but pushed the U.S. soy...

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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.

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