Corn Argentina’s corn planting is finally concluded with a total of 7.3 Mha planted. The Buenos Aires Grain Exchange, which had been estimating an excessively high production of 57 MMT, reduced its forecast to 51 MMT. That number is in-line with market estimates due to drought during critical growing/yield definition periods. Despite February’s rains, 24 percent of the corn crop is still in drought conditions. At the same time, 25 percent of the total is rated fair/poor condition. Breaking that out in more detail, the late-planted crop is in much better condition than the early crop and still has time to express its full yield potential. It is very important that rain continue to fall during February. Forecasts are show...
What You Need to Know Today: Crude oil prices dropped sharply with traffic flowing through the Strait of Hormuz. There were reports that Iran was behind an attack on a cargo ship near the coast of Oman, which would be a violation of the memorandum of understanding between the U.S. and Iran. Pr...
On Wednesday, the White House submitted a national security supplemental spending request for $87.6 billion. The majority of the request includes funding for the conflict in the Middle East, but there are agricultural provisions as well. The supplemental funding package includes more than $11 b...
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.