China's announcement on 7 June that that it would suspend the issuance of import permits for U.S DDGS has resulted in rising prices for domestic DDGS as well as soymeal, rapeseed meal and other protein meal that can partially be used as substitution in feed formulas. Feed Millers Seek New Wheat to Replace Corn For Price Advantage More than 70 percent of China's winter wheat has been harvested as of the second week in June. There are feed millers seeking to increase the usage of new wheat as replacement for corn due to the price advantages. In late May, the new wheat price in central China was only $325-343/MT, but it rose to $392/MT during the following two weeks as the corn price there stood at $400/MT. According to some feed millers in...
Key Takeaways: Milk alone has not covered the full economic cost in any year since 2021: milk revenue fell short by $4.50, $2.15, $6.50, $1.27 and $2.34 per hundredweight in 2021 through 2025. Calf and cattle prices decided whether dairies cleared cost: cattle and other income lifted total rev...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
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.