“Zero Export Taxes”: The Controversy in Argentina Ahead of the elections, the Argentine government faced urgent pressure to secure hard currency and stabilize the exchange rate. To do so, it temporarily eliminated export duties on grains and by-products, effective until 31 October 2025, or until declared exports reached a value of $7 billion FOB - whichever came first. The quota was reached in just three days as exporters rushed to file sworn export declarations, which require foreign currency inflows within 72 hours but allow up to 360 days for shipment. Importantly, exporters had not purchased all the grain up front. Only about 30–40 percent of the volume was sourced immediately, helped by strong farmer selling during th...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.