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: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.