There have been several rumors floating around in Argentina that President-elect Mauricio Macri would suspend the collection of export taxes on soybeans for 90 days after he is sworn in on 10 December. However, he said in an interview today that this would not occur. Weather Concerns Grow in Brazil During El Niño weather patterns like the one currently in place, the tendency is for southern Brazil and Argentina to see above-average rainfall while central and northeastern Brazil receive below-normal amounts. That clearly has been the situation thus far this year, and there are growing concerns that the result will be smaller-than-expected soybean crops in both countries.The states of Goias and Bahia are already behind their average plantin...
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...
Dry bulk markets were volatile but ultimately steady this week with notable differences in rate developments across vessel classes. The Capesize sector, which led the recent rally in freight rates with its dramatic surge, pulled back slightly amid more cautious chartering activity, partic...
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.