Note: WPI chief market analyst Matt Herrington is away on travel until 20 June. New crop futures traded higher again today as there is still no improvement in a weather pattern that compelled USDA to drop the share of corn and soybeans rated Good/Excellent to lows not seen in four years and ten years respectively. It should be noted that while the corn crop four years ago was smaller, the soybean crop a decade ago turned out fine. Forecasters are increasingly highlighting the adverse impacts of the new El Nino weather pattern. It will increase food costs. However, it cannot be blamed for U.S. grocery prices jumping 5.8 percent in May, well ahead of El Nino. Instead, food price pressures should be to the downside as Braz...
The House Energy and Commerce Subcommittee on Health held a hearing on legislative proposals concerning food regulation and oversight. The hearing was focused on a wide range of bills, in keeping with the Make America Healthy Again (MAHA) agenda, ranging from anti–plant-based dairy produc...
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt and Algeria, in addition to Israel, are being monitored by Ukraine as possible destinations for grain taken by Russia from occupied Ukrainian regions. In April, Egypt had said that it would “stop accepting such shipmen...
What You Need to Know Today: U.S. launches naval escort operations in the Strait of Hormuz as Iran attacks UAE oil infrastructure, escalating geopolitical risk and supporting energy and broader commodity markets Biofuel demand entering uncharted territory, with soyoil valuation increasingly di...
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.