Indian Corn Exports An ample amount of grain, especially wheat, barley and corn, combined with slow consumption by both the domestic industry and neighboring countries like Bangladesh, has led to lower corn prices. The depreciating rupee has further improved exports from India this marketing year (October 2011 – September 2012).According to Global Trade Atlas (based on data from the Ministry of Commerce), corn exports from India for MY 2010/11 amounted to 3.346 MMT, of which Indonesia purchased 0.868 MMT; Malaysia, 0.657 MMT; Vietnam, 0.592 MMT; and Bangladesh, 0.569 MMT. In MY 2011/12, however, Bangladesh was not a buyer; hence, prices in Bihar -- a major corn producing state -- fell drastically during the March harvest. The state is ex...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
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.