The 2016/17 U.S. wheat crop will clearly be small, but it appears unlikely that this will provide fundamental support for a bull wheat market. The anticipated 2015/16 carryout of near 1 billion bushels will provide a cushion, especially considering the composition as well as another factor. One of the few surprises in USDA’s reports last week came from its survey of U.S. farmers’ planting intentions for wheat. They were said to have planted 36.2 million acres of winter wheat, down roughly 600,000 from the January count. USDA put spring wheat planting intentions at 11.4 million acres, over 1.5 million less than expected and more than 1.8 million fewer acres than last year. Total acreage in 2016/17 for all U.S. wheat was reported as 49.6 mill...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
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.