Grain China’s General Administration of Customs says that grain imports were up 34.3 percent in April and an overall 18.1 percent for the January to April period. On the one hand, China produces more grain that it consumes and stockpiles large volumes. But Canadian grain analyst Mitch Miller says that China’s corn ending stocks are declining. He contends that robust domestic demand has reduced carryover from 222.5 MMT I 2017/18 to 166.1 MMT in 2026/27. China is downplaying its import needs but the price on the Dalian Exchange belies the market situation, which were down slightly in May but in April were the highest since July of 2024. Soybeans If China follows through on buying millions of tons of U.S. soybeans, they will...
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.