SOYBEANS: In the April 2022 WASDE, USDA is forecasting increased U.S. exports and seed use, and lower ending stocks. Soybean exports are raised 25 million bushels to WASDE-623-3 2.12 billion, partly offsetting lower exports from Brazil, Ukraine, and Russia. Seed use is raised in line with record soybean plantings indicated in the March 31 Prospective Plantings report. Soybean ending stocks are projected at 260 million bushels, down 25 million from last month. The season-average soybean price forecast is unchanged this month at $13.25 per bushel. China’s soybean imports are also lowered 3 million tons to 91 million. Lower soybean exports for Brazil, Paraguay, Russia, and Ukraine are partly offset by higher U.S. shipments. The 2021/22...
What You Need to Know Today: The U.S. and Iran resumed missile strikes after a brief pause in fighting, raising concerns that the five-month conflict could expand across the Middle East. Jordan intercepted Iranian missiles, Kuwait reported a fatal strike, and drone attacks damaged two natural...
The Senate Agriculture Committee will take up the farm bill next week, and a number of amendments targeting the meat industry are expected to be offered. Two of the most potentially damaging are the Schumer amendment, based on his bill, the Family Grocery and Farmer Relief Act, and mandatory co...
Oliver Goldsmith's The Deserted Village, published in 1770, is of a timeless quality. It is a 425-line lament for a disappearing rural world, where prosperous villages give way to larger estates, fewer farmers, and emigration. One passage even follows those leaving for the new colony of Georgia...
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.