On 23 December, USDA released its quarterly (Sept-Nov) Hogs & Pigs report and it was bearish. The total inventory of hogs and pigs on 1 December was 75.845 million head, up 0.5 percent year-on-year and slightly ahead of the pre-report consensus estimates.12242024dave1.png 41.47 KBThe typica...
Ship Subsidies: The SHIPS for America Act has been introduced in the U.S. Congress and is intended to boost the number of U.S. built ships. Currently, China builds over half the world’s ships, and over 90 percent are constructed in just three countries (China, South Korea, Japan). The U.S. buil...
MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGIONTurkey has revised its wheat import rules for flour millers – millers can now import up to 25 percent of their wheat supply, up from 15 percent. The remaining 75 percent must be purchased from TMO, the government’s grain company. The cha...
The CBOT was mostly higher to start the holiday-shortened trading week with wheat leading the way on short-covering and despite the surging U.S. dollar. Corn followed the wheat market higher with its own support from the strong export program as USDA reported more “flash” export sales Monday. S...
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.