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Cocoa Market Update: Prices Rise as Stocks Fall

At the end of July 2024, WPI published an article looking at the drivers of the cocoa market’s massive rally in 2023 and 2024 and that offered an outlook for MY 2024/25. This article offers a brief update on market conditions and developments that have occurred in the two months since our last analysis.   Short-Run Dynamics ICE cocoa futures have rallied sharply this week with the March contract up $669/MT amid tighter global stockpiles, currency dynamics, and West African cocoa production. ICE-monitored cocoa inventories in U.S. ports have been trending lower for the past 15 months and hit a 15-year low on Tuesday at 1.998 million bags. London cocoa futures also added to their gains this week when the British pounds slipp...

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Wheat from the Chaff; Europe Gets Squeezed

Wheat from the Chaff An agricultural meeting in Arkansas last week drew 400 to 500 farmers, a much larger group than expected at harvest time. They vented their angst over low commodity prices, high input costs, and consequently low profitability. One estimate from bankers is that farm bankrupt...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  The U.S. is not the only country suffering from tight cattle supplies and rising beef values, as the EU is battling the same problem. Across the EU, there is a shortage of slaughter cattle that continues to intensify and drive prices higher. Germany is seeing slightly greate...

FOB Prices and Freight Rates App (Updated 10 September)

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 “How To”...

Wheat from the Chaff; Europe Gets Squeezed

Wheat from the Chaff An agricultural meeting in Arkansas last week drew 400 to 500 farmers, a much larger group than expected at harvest time. They vented their angst over low commodity prices, high input costs, and consequently low profitability. One estimate from bankers is that farm bankrupt...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  The U.S. is not the only country suffering from tight cattle supplies and rising beef values, as the EU is battling the same problem. Across the EU, there is a shortage of slaughter cattle that continues to intensify and drive prices higher. Germany is seeing slightly greate...

FOB Prices and Freight Rates App (Updated 10 September)

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 “How To”...

livestock

EV’s, Pork, and Trade

Last Friday China announced it would impose temporary anti-dumping duties on  pork imports from the EU.  China's commerce ministry said that the investigation has "preliminarily determined that imports of relevant pork and pig by-products originating in the European Union&nb...

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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.

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