USDA projected lower U.S. corn use for ethanol and larger ending stocks. U.S. corn ending stocks are up 25 million bushels from last month. The season-average corn price received by producers is unchanged at $6.70 per bushel. Foreign corn ending stocks are down relative to last month, with declines for Ukraine and Indonesia that are partly offset by increases for Brazil and Canada. Global corn ending stocks, at 295.3 million tons, are down 1.1 million. ...
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.