The stay at home orders and fear of a pandemic caused a run on groceries. Several countries-imposed food export restrictions and collectively this elicited news stories recalling the great food shortage situation in 2006/07. That “shortage” started when India had a short rice crop and the Philippines, followed by many other countries, stared importing extra grain to build food security stocks. The price of rice more than tripled. That was then, but not now when it comes to the available buffer supply of grain. Back in 2006/07, the world carryover for rice had fallen in half compared to 2002 and the surplus of wheat had made a similar decline. But global ending stocks of rice are now at 34 percent, more than double the 2006/07 l...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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.