Corn Local corn markets remain dynamic as the harvest continues but at a delayed pace. Good weather last week allowed farmers to harvest an additional 4 percent, bringing the total harvest to 12 percent of planted area. The harvest is 14 percent behind this time in 2020. Further complicating the corn harvest is the fact that farmers are starting to harvest the first soybean plots. Once farmers switch their focus to soybeans (as happens every year) the corn harvest delay will only increase. The vessel lineup is 2.5 MMT for corn, which means additional harvest delays will create more problems for exporters and increase wait times and demurrage bills. This will support local corn prices as exporters will need to raise bids to originate...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
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.