As Mike Krueger noted yesterday, among the 1 June quarterly stocks estimates that USDA will release this Friday, 29 June, the quarterly corn stocks number is far and away the most important to the market. With 2011/12 old crop corn in apparent tight supply, this number is what analysts and traders will focus on. And the importance of the corn stocks grows as dry weather conditions and stressful heat across the Corn Belt threaten to turn the outlook for an enormous 2012 U.S. corn crop into something else.Part of the attention that will be focused on the 1 June corn stocks estimate stems from the pattern of erratic quarterly corn stocks estimates that go back nearly 18 months. Estimating how much corn is being used on a quarterly basis is u...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
Beef packer margins deteriorated to $141/head last week, down $55 from the prior week as fed cattle prices strengthened while the Choice cutout remained nearly unchanged. The cutout held near $373/cwt while fed cattle prices climbed $4/cwt to $224/cwt, narrowing processor profits. Despite the d...
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.