The U.S. mid-term Congressional election is five weeks away; one election that much of agriculture is watching is Brazil’s Presidential race. In the first round of voting – among 11 total candidates – former President Luiz Inacio Lula da Silva (Lula) garnered 48.43 percent of the vote while incumbent President Jair Bolsonaro received 43.2 percent of the vote. With neither candidate getting a majority of 50 percent (plus one), the election now moves to a runoff on 30 October. Bolsonaro’s electoral base is in the south and west of the country including most all of the key agricultural states, while Lula’s is in the north and east. The one ag state that Lula won was Minas Gerias; the rest went to Bols...
Key Takeaways: Soyoil futures have been trading at the highest levels since 2022. Higher crude oil prices have allowed biofuels to be more cost-competitive with fossil fuels. Recent U.S. biofuel policy, including 45Z, has been favorable toward soyoil as a feedstock. California will be limiting...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
As WPI reported, Presidents Trump and Xi held a bilateral summit last week (World Perspectives), the first since 2017, with some uncertainty over the outcome, though Trump commented on some “fantastic” trade deals. Over the weekend, more information was released on those agreements,...
Corn Argentina’s corn harvest remains virtually stalled as producers continue prioritizing the soybean harvest, which has advanced rapidly in recent weeks. During the past week, corn harvest progress increased only two percentage points, while soybean harvest advanced more than 30 percent...
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.