We expect that estimated U.S. corn production will rise close to 14 billion bushels and, moreover, that favorable conditions for other important corn-growing countries and regions will cause a significant increase in estimated world corn production beyond USDA's July projection.The corn futures market has become mesmerized with good reason by the outstanding condition of the new U.S. corn crop as the pollination stage almost reaches its mid-point. So far in 2014, corn seeding recovered from a slow start to finish at about a normal pace, and the U.S. corn crop has for the most part enjoyed beneficial weather conditions. The benign weather has carried over into mid-July, and forecasts for the balance of the month suggest that this crop will h...
Key Takeaways: Milk alone has not covered the full economic cost in any year since 2021: milk revenue fell short by $4.50, $2.15, $6.50, $1.27 and $2.34 per hundredweight in 2021 through 2025. Calf and cattle prices decided whether dairies cleared cost: cattle and other income lifted total rev...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
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.