Friday’s reports from USDA have come and gone raising very little fanfare in the process. There were mild surprises in that NASS raised corn and soybean yields slightly when conventional wisdom presumed they would be lowered. However, reductions in harvested area for both crops offset most of the impact of higher yields. NASS also estimated U.S. winter wheat plantings at a historically low 30.8 million acres, down about 350,000 from last year and the smallest in 111 years. Nevertheless, NASS’s estimate was about as expected. There was lots of jiggering of the numbers for both the U.S. and world 2019/20 supply/demand balances in the January WASDE, but they resulted in only limited changes to the various bottom lines. In other wo...
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.