Global sugar prices are up 55 percent over a year ago due to a weather shortened Brazilian cane crop. The price is still 23 percent below the peak it hit in 2011/12, but high enough to cause discomfort to users. By contrast, the U.S. sugar market is stable due to the government floor price. The U.S. sugar price averages 64 percent higher than world prices but in years like this one, the two come close with just a 32 percent premium in the American market. Automotive fuel distributor in Brazil have asked the government to reduce the ethanol blend requirement from 27 percent to 18 percent due to both the higher price for sugar and corn as feedstocks. It has also heightened the interest by U.S. ethanol producers to have the Brazilian im...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.