World Perspectives
feed-grains

WASDE Corn

U.S. domestic corn exports are lowered 75 million bushels due to slow sales.  As a result, corn ending stocks are raised 75 million bushels.  The season-average corn price received by producers is lowered 10 cents to $6.70 per bushel based on observed prices to date.  Foreign corn production is reduced with forecast declines for Ukraine, Russia, the EU, and Vietnam.  Ukraine corn production is sharply lower with reductions to both area and yield as the ongoing conflict. Russia corn production is lowered as harvest delays in the country reduce area expectations.  (Note: USDA increased Australian barley production due to the most recent crop report from ABARES.  Argentina barley production is cut on continued dr...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

May 23 Corn closed at $6.4725/bushel, down $0.01 from yesterday's close.  May 23 Wheat closed at $6.9975/bushel, up $0.0175 from yesterday's close.  May 23 Soybeans closed at $14.6775/bushel, up $0.255 from yesterday's close.  May 23 Soymeal closed at $457.9/short ton, up $11.9 f...

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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.

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