Farmers Pay the Price Argentina is giving assurance that it will make payment on its IMF loans, but it will not be easy. Inflation is soaring and the peso is depreciating, making dollar-based payment challenging. Farmers in Argentina fear that the result will be increased export taxes on their production. This perception increased when President Alberto Fernandez selected Silvina Batakis to replace Martin Guzman as Economy Minister. Batakis is closely aligned with current Vice President Cristina Fernandez de Kirchner, and she had pushed for higher agricultural commodity export taxes when she was president during 2007-2015. If Batakis is to achieve the fiscal balance he pledged to achieve, there are few more reliable tax sources in Argentin...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
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.