The three major global suppliers of sorghum are the U.S., Argentina, and Australia. China has been a critical market for U.S. sorghum in recent years but is less likely to be in 2022/23. Production was less than half the 10-year average due to drought in the southwest. Australia is most likely to capitalize on the vacuum since its crop was 77 percent larger than average. Like the U.S., around 60 percent of Australia’s sorghum production is exported. Argentina’s sorghum production was almost 15 percent better than average, but two-thirds of its output is consumed domestically, leaving far less to export. Although corn is cheaper and U.S. corn export commitments and shipments are down considerably from last year and the five-year...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.