Soybeans Argentina FOB replacement levels are still at 40Q, and the local market has a few offers of about 50,000 MT/day. One cargo traded FOB at 34Q for August shipment, and another was sold to China at 156Q CNF. Sellers for August/September are showing levels of 50Q and 50U, respectively, but are waiting for more demand. The vessel lineup is 645,000 MT, and Argentina has already loaded 768,000 MT thus far in July. WPI estimates that 1.2 MMT in total will be loaded this month versus 37,000 MT last year. Uruguay Two cargoes of 27,000 MT for August shipment were traded in the FOB market at 46Q. Sellers are asking 60U for September shipment but are waiting for demand to appear. There are few offers in the local market. Paraguay Th...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.