The August WASDE was filled with surprises compared with general expectations ahead of its release, and almost all either directly or indirectly concerned USDA’s yield estimates. Headlining the surprises, at least in the market’s eyes, were the estimated record-high U.S. corn yield of 178.4 bushels/acre (BPA) and the near-record U.S. soybean yield of 51.6 BPA. Both estimates are roughly 2 BPA higher than the average pre-report trade consensus and were based on the first crop surveys of the season. That 2 BPA gap is also significant, evidenced by the sharply bearish reaction of futures market prices last Friday. Perhaps USDA’s big corn and soybean yield estimates should not have been quite so unexpected in hindsight. The w...
ZanzibarMnemba Marine Parksouthern cassowary Mnemba Marine Park is located 10 kilometres (6 mi) from Stone Town and forms part of the northeastern Unguja Island. A marine reserve and atoll, its shallow stretch of coral reef is in the shape of an oval. It is located between Matemwe and Nungwi, w...
Kiwengwa/Pongwe Forest Reserve Kiwengwa/Pongwe Forest Reserve is located on the northeast coast of Unguja, 20 kilometres (12 mi) from the Town. The reserve is an important biodiversity spot in the coral rag zone. The forest reserve is rich both in faunal and floral species. The faunal species r...
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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.