CONAB recently released its first forecasts for the 2025/26 corn, soybean, and wheat crops (among others) and pegged production for the first two at massive levels. The soybean crop was forecast at a record 177.6 MMT, up sharply from the prior year and easily the largest on record due to expanded area. The corn production outlook was pegged at 138.6 MMT, down 1 percent from the prior year as farmers switched some acres into soybeans, but still the second-largest crop in history. While the production forecasts are already bearish enough for U.S. export and demand prospects, the patterns of CONAB’s forecast revisions are even more bearish. CONAB’s forecasts for soybean production have, over the past five years, genera...
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.