The April 2019 WASDE was mostly neutral the grains complex but bullish soyoil as USDA’s changes offered few surprises. The CBOT had a weaker tone before the report’s release, largely due to better-than-expected winter wheat conditions and a 2 percent planting progress for corn. That assuaged some weather-related concerns, and traders took away some of the growing weather premium. WPI’s Bob Kohlmeyer covers the WASDE in greater detail (see today’s separate analysis), but some brief highlights are provided here. USDA increased world ending stocks for wheat, corn, and soybeans, a bearish trifecta that would have elicited a larger market response if traders hadn’t (mostly) anticipated the changes. It also increase...
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.