New crop markets have had an overwhelmingly bearish attitude. This started back in February with the USDA's Outlook Conference projections for big planted acres and record or near-record yields per acre. Those projections, of course, meant that 2013/14 ending supplies of corn and soybeans would escalate to burdensome levels and prices would have to collapse. Projections of world crop production were also huge. USDA (and others) have been touting a record world wheat crop in excess of 700 MMT. The problem with all of these mega-bearish production estimates is that they were based on "best-case" scenarios. However, Northern Hemisphere weather already has created significant problems that will result in smaller planted acres and smaller yiel...
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.