Fourth Agricultural Production Estimates: Higher Production and Higher Prices India has produced more food grains than the target as well as more wheat, corn, soybean and pulses despite a delayed monsoon season and a drought situation in some parts of the country for 2012/13.The wheat procurement target was 38-40 MMT and the government of India (GOI) could only buy 32 MMT. Although production is higher, harvest period prices have also continued to remain high and the markets have had ongoing volatility. Industry estimates for wheat are 84-85 MMT.The corn situation has not been different. Domestic demand has been lower and corn should be available at a much lower price than $265/MT to South Indian feed millers and starch manufacturers i...
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.