China had already implemented a subsidy this year to encourage farmers to plant more soybeans, and that production is likely to be even higher as a separate initiative is introduced to address the country's issue with a different crop. China Sharply Increases Farmer Subsidy to Encourage Crop Rotation To encourage farmers to plant less corn, this year the government of China will nearly double the incentives to rotate crops. The finance ministry today indicated the government will pay farmers the equivalent of $375 million, an increase of 78 percent over last year.The rotation subsidy will be focused on northeastern China where most of the country’s corn is produced. The government is believed to have over 200 MMT in reserve, and it wants...
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...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.