USDA’s corn outlook – is for reduced U.S. imports, greater feed and residual use, lower food, seed, and industrial use, and corn larger stocks. Feed and residual use is raised 150 million bushels to 5.675 billion. This is based on corn stocks reported as of March 1 which indicated disappearance during the December-February quarter rose about 4 percent relative to a year ago. Lower forecast corn used for ethanol also supports larger feed and residual use. Energy Information Administration data indicates an unprecedented decline in ethanol production and motor gasoline consumption as a result of COVID-19. With supply down fractionally and use declining, ending stocks are raised 200 million bush...
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.