The union representing workers at Argentine oilseed processing plants in Rosario plans to continue its current strike that has shut down soybean processing at several facilities, holding up 88 ships. It now appears that other major strikes impacting the grain export sector will occur in June. Strike Continues to Block Grain Shipments from Argentina The union representing workers at oilseed processing plants in Rosario said it planned to continue the current strike through today as a result of not reaching an agreement for higher wages. The strike, which began 5 May, has now lasted for three weeks and shut down soybean processing at several facilities. As of Saturday, 88 ships were being held up as a result. While the union said that it ha...
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.