Origination has become very expensive for soybean exporters in Argentina. The FAS market keeps climbing as farmers are not eager to sell aggressively. In the local market, soybeans are worth $290/MT versus less than $270/MT a month ago. FOB replacement remains around +70 SN even after the CBOT rally of recent days. Soybeans Brazil is starting to move on some positions, while the U.S. is participating on those of August and September. Meanwhile, crush margins in China are still not very good. Nevertheless, the Chinese are beginning to assume that they still need to crush despite the lack of positive net margin. The current basis are clearly not good for them, but it is also evident that they need to continue operating their plants.While Ju...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.