Wheat The wheat harvest in Argentina has ended with an estimated production of 11.5-12.5 MMT. This is no surprise to the market and compares with a 22 MMT crop from last season. The overall quality has been good, with high test weigh and gluten content, which is good news for local millers who will not have to pay extra to get higher quality wheat. Wheat shortages and government interventions, however, have created major distortions in the market. Exporters have been net sellers of FAS wheat at prices of $340/MT. In addition, by not buying the reference price of wheat at the ports (published daily by the Rosario Board of Trade) prices fell to levels of $305/MT ($355/MT FOB equivalent). Exporters have purchased 5.5 MMT, of which some...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.