Corn Argentina Argentina’s corn harvest progress has fallen further behind the normal pace, with the latest estimate showing more than 15 percentage points of delay versus previous years. Excessive grain moisture and poor road conditions continue to limit field access and slow harvest activity. Despite the harvest delays, the Argentine market has been moving in the opposite direction from what logistics alone would suggest. Farmer requests for logistics have increased, and truck arrivals at port terminals have picked up noticeably. The combination of stronger grain arrivals and a significant reduction in the vessel line-up has changed the nearby price structure. After several weeks in which super-spot and prompt-delivery corn commande...
What You Need to Know Today: A drier early-October forecast should help harvest accelerate across areas of the western Corn Belt that have been running behind, adding pressure to soybeans and soymeal today as concerns over near-term physical tightness begin to ease. Markets are still digesting...
Key Takeaways: Dry bulk markets are mixed this week with the Capesize sector seeing a sharp correction from its recent rally. Smaller vessel classes are steady/firmer but the Chinese Golden Week Holiday is pressuring near-term rates. Dry bulk freight did not receive the bullish boost it...
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.