Wheat Like every other low-production year, the dynamics of Argentina’s FOB market are greatly reduced. On the one hand, there are fewer destinations where Argentina can compete and, on the other, there is less positioning by trading houses. In the current wheat campaign (December and January), Argentina has exported just over 2 MMT, with Brazil as the primary destination and accounting for 1 MMT (50 percent) of that volume. For the rest of the exports, destinations are primarily in Asia (mostly Indonesia) with 27 percent of the volume, Latin American countries (Peru, Mexico, Colombia) with 16 percent, and the remaining volume divided among various African countries. While the exports of 2.1 MMT in the first two months of the campai...
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.