Brazilian Fires Placing Focus on Soybeans The practice of burning forestland during the dry season in Brazil has been going on for many years. Fire has been used to clear the land so that it can be converted into grassland to raise cattle. In some cases, the land has been cleared to raise dryland rice and later soybeans, but most of that occurred in the savannah-like Cerrados region typical in the state of Mato Grosso. This year there has been a media frenzy about the fires that are burning in Brazil as the number in the Amazon Basin are up from a year ago, but not anywhere near the number that occurred annually in the early 2000s. What is different this year is that the media have been encouraged to cover the issue by environmental...
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...
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...
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.