Starch Sector Bleeding, Yet Expanding The production of corn during the major harvest season in October suffered because of scanty rainfall. Prices surged as a result. Delayed sowing and harvest also affected availability, adding to the pressure. Current corn spot prices in India range between $244-250/MT; at the market yard, depending on the area and the delivery, prices are close to $290-296/MT, about 17 percent higher than prices offered this time last year. Even though corn harvest arrivals last month started in good measure, prices did not decrease drastically. The starch industry is not pleased with the situation because corn is being sold at high prices and starch is offered at prices well below the cost of production.Interestingl...
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.