The prospect of locking in multiple months of corn futures in a clock contract that has an average price somewhere between $6.75-7.25 should not be neglected. This season's drought has created some unusual and difficult circumstances. Asian corn buyers seem particularly surprised by the stiff competition from U.S. domestic corn buyers, and some have decided to stand back and wait for basis levels to soften. That may not be a winning strategy this season.American ethanol facilities have been particularly concerned about aflatoxin contamination in corn because the ethanol distilling process compounds that contaminant threefold in dried distillers grains with solubles (DDGS). It is illegal to sell corn products with significant levels of afl...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.