The market yard price of corn in Nizamabad has dropped 11.06 percent from the start of the season to $201/MT, and the NCDEX spot price there also decreased 26.20 percent over a five-week period to $214/MT. However, prices are still not as low as they should be at peak arrivals, which is partially attributable to two factors. Wheat Imports Less Costly than Domestic Stocks There has been pressure on the government of India (GOI) to reduce the 10 percent wheat import duty to zero and allow cheap supplies to enter the country, especially south India, but it is likely to remain unchanged. Even with the current duty, wheat imports to that area are less costly than purchasing domestic stocks from central India and shipping them to locations ther...
The corn and soy complex closed higher, with the wheat market mixed, as winter wheat closed up but spring wheat and livestock ended lower. Part of the strength for corn and soybeans may have been a weather premium, as crop planting has started out fast but warm weather has been slow to develop...
Reflect for a moment on what you eat. There is a lot of advice out there in the ether about what you should eat, but really, what do you currently eat and how much? The good people at the USDA have some data for you, to help you answer that question. USDA says that we eat quite a bit of meat. L...
Key Market Insights Macros: Inflation isn’t cooling — it’s moving higher again. March PCE inflation (Personal Consumption Expenditures index — the Fed’s preferred measure of inflation) rose 0.7 percent month-over-month, pushing the annual rate to 3.5 percent, the h...
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.