News Updates ZIMBABWE TO DOUBLE WHEAT CROP The Zimbabwean government wants to double the local wheat crop, though its increase to 75,000 MT seems very small relative to the 400,000 MT of wheat it imports every year to meet local demand. According to the government, last year's crop was just over 35,000 MT; however, farmers said the total was closer to 12,000 MT. The area planted to wheat has dropped dramatically in recent years as the government has been promoting corn's importance as a food grain.Meanwhile, reports indicate that the drought has cut the local corn crop by 50 percent. The government had hoped for a crop as good as the 1.35 MMT harvested last year, a year when Zimbabwe was able to export a little bit of corn.It is estimated...
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.