One of the main reasons the ruling power in Venezuela is likely to lose this Sunday's election is the nation’s acute lack of foreign exchange to purchase imports as a result of the sharp drop in petroleum prices. Argentine Government to Make Equal Reduction in Soy Product Export Taxes Alberto Rodriquez, president of Argentina’s oilseed processor and grain export association (CIARA-CEC), indicates the new government will make the same 5 percent cut in the export taxes for soymeal and soyoil as it plans for soybeans. If this is correct, the rates for soyoil and soymeal will be lowered from 32 percent to 27 percent and that for soybeans from 35 percent to 32 percent. No one close to President-elect Macri has confirmed these reductions.By mak...
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.