Last Friday's USDA reports have clearly removed the soybean and oilseeds markets from the leadership position -- at least for now. The big soybean production increases have lessened the level of demand rationing required, even though ending supply forecasts are little changed from 60 days ago. An improving weather pattern in Argentina and Brazil also has taken the edge off of the soy complex. U.S. and world feed grains supplies will still be at record-small levels by the end of next summer, but the market relegated corn to a back row seat a couple of months ago. Wheat entered the new marketing year with bearish expectations. Early world wheat production estimates were very high. Black Sea wheat was offered at very cheap levels throughout...
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.