U.S. Top Market for Argentine Biodiesel Now that the EU has imposed anti-dumping duties on imports of Argentine biodiesel, exporters have shifted their focus to the U.S. market. Oil World predicts that two-thirds of Argentina's biodiesel exports in the last four months of 2013 will be shipped to the U.S. That suggests as much as 270,000 MT (~80 million gallons) of Argentine biodiesel may be exported to the U.S. in September-December of this year.A report from NABSA, the Argentine shipping agency, yesterday confirmed the large exports of biodiesel to the U.S. and indicated six ships waiting to load for shipment there in November. The combined cargos totaled 105,000 MT (~32.2 million gallons).This dynamic may compel U.S. biodiesel produc...
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...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.