As India's domestic corn price remains higher than those on the world market, the country's 2016/17 corn tariff-rate quota (TRQ) of 500,000 MT was announced this week. However, one specific requirement limits the source to just one origin. Cotton Production Down in India Following the white fly attack on cotton in 2015/16, several farmers decided to plant other crops this year (2016/17) as that crop’s production in Punjab fell to 0.9 million bales from the average 1.2 million bales. The cotton there had been sown on 0.45 million hectares last year, but that area has dropped about 43.11 percent in 2016/17. There is a similar situation in Haryana where the corn area has decreased 13.8 percent from 0.58 million hectares in 2015/16 to 0.5 mil...
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.