Brazilian fertilizer companies are being challenged this year by a shortage of trucks amidst rising demand. This has driven up the cost of transporting the goods by about 35 percent and doubled it for some routes. However, this is benefitting one group. Stats Canada’s Surprising August Canola Crop Estimate Statistics Canada today released its August crop forecast, surprising analysts surveyed by Reuters with a canola crop estimate of 17.024 MMT (versus last year’s 17.231) that was below their average of 18.1 MMT. One analyst contacted by the news agency indicated the smaller crop was a result of uneven canola germination this year. That variability has caused problems with pesticide applications, which led to an increase in outbreaks of s...
What You Need to Know Today: Grain futures fell hard overnight after the USDA’s Crop Conditions report showed better-than-expected ratings for corn and soybeans, despite difficult weather last week. The Conditions report was even more bearish in light of meaningfully beneficial rains acr...
Key Takeaways: New Mexico’s Clean Transportation Fuel Program expands demand for low-carbon fuels and creates another market for renewable feedstocks, adding incremental pressure to already limited supplies of lower-carbon inputs. Growing competition for waste-based feedstocks such as an...
As WPI reported on 17 July, the recently passed budget reconciliation bill in the House Budget Committee includes $12 billion in emergency farm assistance. This would be the seventh of the past nine years with ad hoc farm payments (FY2018, FY2019, FY2020, FY2022, FY2023, FY2024, and potentially...
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.