Last Monday, Gary Blumenthal wrote on the bullish sugar market as global supplies tighten, and demand stays strong. The March Consumer Price Index showed sugar (and substitutes) up 12.7 percent year-over-year. Other sugar containing products, especially when combined with tight supplies of wheat, were up as well. The overall bakery category was up 13.9 percent, cookies were up 16 percent. Those increases compare to overall food inflation of 8.5 percent. The WASDE revised its projection of sugar imports into the U.S. to increase over last month’s forecast. Sugar from FTA countries (CAFTA and the Dominican Republic) – is expected to drop, but world raw sugar imports are up on USTR increasing the raw sugar TRQ allocation. However,...
What You Need to Know Today: New World screwworm is back in the headlines after new cases were found in a hunter-harvested elk in Texas and a beef cow in New Mexico. The detection in wildlife could further complicate containment efforts, as implementing effective biosecurity measures is consid...
Cattle on Feed Expectations USDA’s monthly Cattle on Feed report that will show cattle inventory statistics as of 1 October will be released tomorrow, 23 October. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 100.3 percent of last year, which imp...
Key Takeaways: Dry bulk markets remain mixed with Capesize rates turning around from their recent weakness and posting solid gains on improved Chinese demand. Panamax vessels, on the other hand, saw rates decline amid greater tonnage availability in the South Atlantic and falling U.S. Gu...
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.