Corn Argentina The pace of corn harvesting improved last week and with a 3.8 percent weekly progress, the total harvested area reached 23.2 percent of the estimated area. Yields remain highly heterogeneous yields but average 6.59 MT/ha. The soybean harvest continues to attract farmers’ attention (16 percent weekly progress) and until they are finished with that crop, they will not move to full corn harvest. The Buenos Aires Grain Exchange maintained its crop estimate at 49 MMT, while the Rosario Grain Exchange raised it from 47.7 to 49.2 MMT, reporting an increase in planted area that was detected late. In both cases, the estimates are in line with what the market was predicting. As for the markets, the FAS closely fol...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.