Before the rabi planting season begins, the government of India (GOI) has announced the Minimum Support Prices (MSP) for the crops that are grown such as wheat, lentils (including gram), barley and oilseeds. Expensive Corn, Cheap Starch India’s corn starch industry is battling for survival, especially in states where corn is not produced. The open market corn prices in key consumption states have moved up to $240/MT and are expected to reach $250/MT by December 2015/January 2016. Maharashtra is one key state that supplies corn to Gujarat and is also receiving stocks purchased from Madhya Pradesh, a centrally-located state where production has been up. The starch industry uses 2.7 MMT of corn per annum, and prices had been stable at $220/M...
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.