While India's monsoon has somewhat rebounded, farming communities have been impacted by the delayed rains. Rural demand is diminishing with crop selection and productivity expected to be affected as well as the country's overall economy. The Late Monsoon and Declining Demand The delayed monsoon and drought conditions in some areas have affected rural demand in India. Although the monsoon has rebounded, the deficiency stands at 24 percent for the country as a whole and 36 percent for the food bowl in northeast India. While agriculture experts believe the planting process will be completed even if it continues raining, land coverage does not necessarily mean the same productivity to farmers. A postponement in the sowing also means loss of p...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.