Argentina Dryness Currently the Soybean Trade’s Key Focus It is well known by observers of the global soybean market over the last decade that one of the key factors to watch is the weather situation in Argentina, which has a history of being quite variable from one year to next. Periodic flooding has impacted the country’s soybean production during the past few years, but a severe drought in 2009 and 2012 sharply reduced it and had a substantial effect on prices. Production declined from 46.2 MMT in 2008 to 40.1 MMT in 2009 and from 49 MMT in 2011 to 40.1 MMT the following year as well. It appears there is a growing chance Argentina may suffer another drought in 2018 with a similar effect. Parts of the country are curre...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.