The USDA’s July WASDE was, as has been widely reported now, bearish new crop soybeans with a 52.0-BPA national yield and 4.3-Bbu crop projected. Since then, however, the soybean market has expressed concern over the recent shift in weather forecasts to feature hot, dry conditions for the Midwest into August. That has traders beginning to doubt the ability of this year’s crop to meet the July WASDE projection, which would tie the existing record high (set in 2016/17). Given these growing doubts, it seems prudent to examine what the U.S. soybean balance sheet and farm prices would look like under high- and low-yield scenarios. Yield Expectations Early-season crop conditions ratings have a very poor correlation to final yie...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.