It is a bit redundant to say that the corn futures market "wants" to be bearish since it has fallen about 50 cents so far (10:30 AM as of 19 February) during February. The long position held by non-commercials fell by nearly 38,000 contracts during the week ending 12 February, as managed money fled grain markets for greener pastures. Analytical chatter has focused on the abysmal pace of U.S. corn exports for the past several months as cheaper Brazilian and Ukrainian corn filled much of the world demand. GMO considerations have excluded U.S. corn as a candidate to participate in the EU market, where imported corn is being used as a replacement for exported wheat. Analytical chatter has also pointed to the recent dip in ethanol production a...
Key Takeaways: Brazil confirmed a Newcastle disease outbreak at a commercial turkey farm in Santa Catarina on 18 October, raising concerns about potential disruptions to poultry exports despite the outbreak being confined to a single facility thus far. Mexico and Malaysia have imposed nationwi...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
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.