India's spot corn price has stabilized over the past few days in most markets, but today's average price was still lower than on 1 October. Meanwhile, demand seems to be catching up, although imports seem unlikely. Corn Prices Rising with Imports Unlikely As the rabi sowing season has started, the major problem facing farmers in coming months will be irrigation. According to the government of India (GOI), the 91 major reservoirs are only 51 percent full compared with 76 percent a year ago. The kharif crop failed in southern India because of the deficient monsoon, and the only hope for farmers is the northeast monsoon that has commenced in Tamil Nadu, Kerala, which may provide rains in Karnataka and Andhra Pradesh.The spot corn...
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.