Expansion in Dry Milling Sector Adds to Grain Prices Until recently, potable alcohol for blending in whiskey and pharmaceuticals was derived from molasses. With the government of India's (GOI) ethanol mandate, cooperatives and the private sector established large plants in the cane producing belt of the country. The alcohol produced by these plants has been diverted to petro-companies for blending into gasoline, per the government mandate. Therefore, corn producing states (where whiskey manufacturing units are abundant) have sanctioned new projects to convert grain -- particularly coarse cereals like corn, sorghum and pearl millet -- into potable alcohol. Most new plants have been set up in Andhra Pradesh, Karnataka and Maharashtra, and...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.