Export Taxes The topic of export taxes continues to spark debate in Argentina, particularly soybean taxes. The return to a 33 percent rate for soybeans has made planting unviable in large parts of the agricultural area. In corn, the increase of 3 percentage points is less impactful, and the crop is expected to take area away from soybeans. Representatives of rural organizations met this week with President Javier Milei to address the issue. While they did not receive the response they hoped for, the government acknowledged the matter is on the agenda but said it is not yet in a position to eliminate the tax. The only commitment was that soybean taxes will be the next to be removed — though no timeline was given. Wheat Arge...
What You Need to Know Today: Last week’s Trump-Xi meetings included China agreeing to roll back $60 billion in tariffs on a huge swath of U.S. ag products, just notably not soybeans. The exclusion of soybeans from the tariff-reduction list means China’s state-run importers COFCO an...
Key Takeaways: The U.S.-China agreement lowers tariffs on several U.S. agricultural products, but the lack of additional soybean commitments or greater certainty surrounding China’s existing 25 MMT purchase pledge made the deal a slight disappointment. Lower tariffs on U.S. corn are unli...
Wheat Argentina Wheat crop conditions remain broadly favorable despite a week marked by frost and localized hailstorms. Currently, 94.6 percent of the crop is rated Normal to Excellent. The most severe storms were reported in central-northern Córdoba and central-eastern Entre Ríos...
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.