Monsanto today announced it has suspended sale of future biotech soybean technologies in Argentina because of recent, disappointing discussions with the government concerning its ability to collect royalties there on its patented soybean variety. NOPA’s April Soy Crush Volume The volume of soybeans crushed by members of the National Oilseed Processors Association (NOPA) declined in April to 147.614 million bushels (4.02 MMT) from 156.69 million bushels (4.26 MMT) in March. It was also below the 150.363 million bushels (4.09 MMT) crushed in March 2015 but very close to 147.704 million bushels (4.02 MMT, the average forecast of analysts queried by Reuters.The NOPA crush report indicated the association’s members had 1.9427 billion pounds (8...
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...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
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.