While GOI is continuing to procure local wheat for the MY 2017/18 program, imports are still feasible despite the 10 percent duty with one particular origin deliverable at a lower cost than domestic stocks. Sugar Production Down; Ethanol Blending Limited Based on India’s current sugar production and demand in sugar year 2016/17 (September-October), carryover stocks will total 3.3 MMT for 2017/18. It is expected that the government of India (GOI) will allow an early crush in October 2017, and the 2017/18 production could total 24 MMT. If the crush is delayed, however, the crop may be allowed to mature, which could possibly boost production by 0.5–0.8 MMT.To secure a comfortable position on sugar, GOI should allow imports of another 0.5 MMT...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
What You Need to Know Today: Day three of the Pro Farmer Crop Tour found corn yield potential below last year in both Illinois and western Iowa. Illinois corn yields averaged 184.2 bushels/acre, down from 199.6 bushels/acre last year and the 199.2 bushels/acre three-year average, while wester...
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.