After one of the strongest El Ninos on record was officially declared over last June, the CPC issued a La Nina watch. That was then cancelled in early September when the surface water temperatures did not cool sufficiently. However, there has now been another change. Over the last 20 years or so, weather forecasters have tried hard to establish the process of meteorology and their work as a scientific endeavor as a way of enhancing credibility and respectability. The advent of highly-refined weather modeling has no doubt helped that effort. While staying away from any debate about the scientific nature of predicting future weather conditions, it should be noted that science is everchanging and not absolute. In this regard, weather forecasti...
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.