2021/22 U.S. corn outlook is for smaller ending stocks. Reduced exports are partially offset by greater corn used for ethanol, starch, and glucose and dextrose. Corn production for 2021/22 is forecast at 14.8 billion bushels, down 415 million from the July projection. The season’s first survey-based corn yield forecast, at 174.6 bushels per acre, is 4.9 bushels below last month’s trend-based projection. Record-high yields are expected in Illinois, Indiana, and Ohio. In contrast, yields in Minnesota and South Dakota are forecast below a year ago. U.S. corn ending stocks are down 190 million bushels to 1.2 billion. The season-average corn price received by producers is raised 15 cents to $5.75 p...
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.