World Perspectives
wheat

Wheat Condition Not Determinative

USDA delayed its last of the year Crop Progress report until tomorrow due to undefined “system outages.” Private analysts told Reuters that they expect the report to show 33 percent of the winter wheat crop in Good/Excellent conditions, up one point from last week’s report.  Based on historical studies, a relatively low-quality condition in the fall is not determinative of yield when the crop is harvested. However, there is a stronger correlation of a lower fall quality rating and the ratio of abandoned acres. Lower quality means that when the plants emerge, fewer will have survived dormancy. However, good spring growing conditions means that those plants still growing can have good yields. There have also been years...

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feed-grains

WASDE Corn - Jan 2026

USDA’s Jan estimate for 2025/26 U.S. corn is for larger production and higher feed residual usage to result in greater ending stocks: Corn production is estimated at 17.0 billion bushels, up 269 million on a 0.5-bushel increase in yield to 186.5 bushels per acre and a 1.3-million acre ris...

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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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