The Buenos Aires Grain Exchange announced that the average yield for Argentina’s 2021/22 wheat crop will be 3.44 MT/hectare. That is the highest yield since the country hit 3.55 MT/ha in 2011/12 and is attributed to timely rains. Argentina’s yield is higher than the average U.S. wheat yield but both are strikingly low relative to many other wheat producing nations. In fact, Argentina’s near record wheat yield this year ranks it at number 27 in the world, which is more like a grade of C. At an R2 of 0.19, rainfall and wheat yields are not well correlated among top producing nations. This is because national rainfall statistics may not match precipitation in narrower wheat production areas, plus the heavy use of irrig...
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.