Global rapeseed production in 2017/18 has been forecast to closely match that of the previous year. While crop sizes are expected to change among several countries, the estimate for Canada's output is surprising. Farmers Generally Pleased with Early Soybean Yields Yesterday’s USDA crop progress report indicated 10 percent of this year’s soybean crop has been harvested. While it is too early to reach much of an assessment regarding this year’s national average yield, early reports indicate farmers have been pleasantly surprised for the most part. As expected, yields in the driest areas are well below last year, but those in the key states of Nebraska, Iowa, Minnesota, Illinois and Indiana are close. Meanwhile, yields in the Mid-South...
What You Need to Know Today: The U.S. conducted “self-defense strikes” in Iran and said the two sides are “close” to negotiating a ceasefire. “Close” is a relative term, however, and even if 95 percent of the terms are agreed to, the remaining 5 percent is l...
As we reported on 19 May, China has also committed to the resumption of U.S. poultry imports from states without confirmed HPAI detections. USDA’s Animal and Plant Health Inspection Service (APHIS) has updated its China export restrictions webpage to reflect that China has lifted HPAI-rel...
Key Takeaways: Brazil has been the second-largest producer of fuel ethanol globally, but almost all of it was derived from sugarcane until recently. Corn ethanol production has increased due to expanded second-crop corn production, sugarcane storage limitations, and biofuel policy. Brazil is e...
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.