India's spot corn price has stabilized over the past few days in most markets, but today's average price was still lower than on 1 October. Meanwhile, demand seems to be catching up, although imports seem unlikely. Corn Prices Rising with Imports Unlikely As the rabi sowing season has started, the major problem facing farmers in coming months will be irrigation. According to the government of India (GOI), the 91 major reservoirs are only 51 percent full compared with 76 percent a year ago. The kharif crop failed in southern India because of the deficient monsoon, and the only hope for farmers is the northeast monsoon that has commenced in Tamil Nadu, Kerala, which may provide rains in Karnataka and Andhra Pradesh.The spot corn...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
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.