Regional News Russia’s weather remains warmer-than-normal for the next week. While no concerns currently exist for the crop (other than the impacts of late planting and early dryness), the warm temperatures mean a lack of snow cover that could increase winterkill if a cold snap develops. Ukraine’s grain exports are down 18 percent year-over-year at 27.6 MMT. That figure includes 12.75 MMT of wheat, 10.5 MMT of corn, and 3.9 MMT of barley. The International Grains Council increased its forecast of the 2020/21 world wheat crop by 3 MMT due to higher production in Australia, Russia, and Canada. It lowered its forecast of world corn production by 13 MMT due to lower U.S. production. Ukraine and Vietnam ar...
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.
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...