The U.S. corn and soybean yields reported in today’s September WASDE were the first to use corn ear counts and weights plus soybean pod counts and weights from actual field surveys conducted by NASS scouts. As a result, NASS estimates that the national average corn yield will be 168.2 BPA, down 1.3 BPA from August, but still 1.5 BPA higher than the average trade guess. The September soybean yield estimate is 47.9 BPA, a .6 BPA reduction from August, but .7 BPA higher than trade expectations. Of course, the September 2019 yield estimates are well below the final estimates for 2018 of 176.4 BPA for corn and 51.6 BPA for soybeans due to this year’s late planting and wet conditions. Based on its latest yield estimates,...
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.