Heading into the October WASDE that will be published on Thursday, 12 October, WPI offers the following assessment of supply and demand expectations for the 2023/24 crop year. Corn Compared to the USDA’ September WASDE, WPI’s 2023/24 U.S. corn outlook calls for slightly larger supplies, larger demand, and smaller ending stocks. WPI has adjusted our expectations of 2023/24 carry-in to reflect the Grain Stocks figures, which pulled beginning stocks 6 percent below the USDA’s September WASDE forecast. Based on the favorable weather and conditions expected for October, we’ve revised our harvested acreage forecast higher to be in-line with UDSA’s estimate. Based on early yield results and estima...
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.