High input costs this season are causing Argentine farmers to suffer from smaller margins. The depressed ARS peso and logistical espenses are also having a negative impact. Argentine Farming Situation The good amount of rain that fell over the agricultural area during the past few weeks helped to recover soil moisture. That is enabling farmers to more rapidly plant their summer crops of corn and soybeans.The soybean planting is currently almost 40 percent complete of the expected area (20.2 million hectares) with much progress in the nucleus area (northwest of Buenos Aires, south of Santa Fe and Cordoba). This is very important as that region provides more than half of the total production. Below is a map detailing the planting progress.S...
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.