Indian Wheat Exports Continue at Lower Prices Good weather and timely showers in India's northern belt during the past week have given hope for a bumper crop of wheat. Temperatures in February have not been too high and farmers have been advised not to irrigate the crop in Punjab and Haryana because there is enough rain to cover the water requirement. According to the government of India (GOI), wheat production is estimated to be 90.69 MMT, which is lower than last year's (2011/12) production of 92.75 MMT but higher than the 90 MMT target. During 2011/12, India exported 6.5 MMT of wheat. With another potentially huge crop, India is expected to export an additional 8-10 MMT, an increase of 23-53 percent. Current and future exports mostly...
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.