Higher Argentine Statistics Duty Squeezes Soy Crushers The government of Argentina has issued a decree that raises the statistics duty on imports from 0.5 percent to 2.5 percent for the remainder of the year. This step was taken to raise money to help reduce the government deficit in 2019.The increase will significant impact Argentine processors who import soybeans from other countries. Approximately 4 MMT are normally imported into Argentina, mostly from Paraguay and Brazil, for blending with lower-protein local soybeans to boost the average protein level of the soymeal produced. Reports indicate Argentine processors are finding this year’s domestic crop has an abnormally low amount of protein, resulting in greater demand for highe...
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.