This week’s WASDE report from USDA was considered slightly bullish for prices, although that certainly wasn’t apparent by the market’s action during the past few trading sessions. U.S. corn and soybean ending supplies were reduced. World demand remains very strong, but crop problems stretching from the Black Sea to Australia are causing world production to slip. The one aspect of the report that has raised questions is the U.S. winter wheat production estimate, and June can be a difficult month for assessing that crop. Many of the variables at play will be resolved by the time of the July report, however. Chief among these is the “harvested” acreage number, which is critical to any final production estimate. T...
What You Need to Know Today: President Trump suspended the planned attacks on Iran and announced that the pieces for a framework for peace were in place in a weekend social media post. Iran, however, later said no efforts were underway to conduct negotiations with the U.S., though Oman indicat...
Key Takeaways: E15 expansion would support corn and ethanol demand by increasing domestic biofuel consumption and reducing reliance on petroleum-based fuels. Year-round E15 has gained bipartisan momentum, but the policy remains in legislative limbo as lawmakers continue to negotiate provisions...
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.