Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Iran has announced plans to increase the area for wheat planting by 500,000 hectares to 2.25 million hectares. The increased planting may allow the wheat crop to reach 5.2 million MT, assuming good rainfall. Iran is still expected to have to import close to 5 MMT of wheat. Barley planting will be on 1.25 million hectares. Critics in Pakistan are saying that the country is lagging far behind in the use of advanced technology, like GMO, in agriculture. GM maize trials in the country showed yield increases that range from 10 to 45 percent. The government says that it is able to support the use of GM cotton but will have to do more research before adopting GM maize as maize enters the...
What You Need to Know Today: Agricultural commodities were mostly lower on the day, with red-hot soyoil a notable exception. Export sales were a bit underwhelming, particularly for corn with export sales down 52 percent week-over-week. The weakness in ag markets tracked crude oil weakness wit...
With the war in Iran affecting fuel and fertilizer prices, higher tariffs, weak commodity prices, ag labor constraints, and other factors, farm bankruptcies are now at a 6-year high, a signal of growing stress. During the month of April, 62 Chapter 12 bankruptcies were filed, which is a 1...
WPI recently completed an expansion of our methodology for estimating and forecasting U.S. and global soybean crushing margins. The new approach incorporates the energy market’s expanding influence on the oilseed sector and the structural changes in global biofuel demand. This report is i...
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.