The market yard price of corn in Nizamabad has dropped 11.06 percent from the start of the season to $201/MT, and the NCDEX spot price there also decreased 26.20 percent over a five-week period to $214/MT. However, prices are still not as low as they should be at peak arrivals, which is partially attributable to two factors. Wheat Imports Less Costly than Domestic Stocks There has been pressure on the government of India (GOI) to reduce the 10 percent wheat import duty to zero and allow cheap supplies to enter the country, especially south India, but it is likely to remain unchanged. Even with the current duty, wheat imports to that area are less costly than purchasing domestic stocks from central India and shipping them to locations ther...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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.