Records are being set in lots of places and not in a good way if you are a bull. There will be record wheat in Canada and India and projected record corn and soybean crops next season in Brazil. Farmers not selling now to clean out bins are ignoring the fact that seasonal lows may not yet be hit. It is a gamble that the 12 August WASDE and its survey of farmers is somehow going to be bullish. However, a private survey of farmers deduced an impending second largest corn crop ever and the largest carryover since 1987. One analysis shows that price-wise, it is closer to 1987 than ever. Government artifices like the ethanol mandate worked their magic for many years but concurrently simulated competitor production. The world is awash in grain a...
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.