Corn A few weeks ago the Argentine government granted an additional 3 MMT of corn export licenses, and the Minister of Internal Affairs granted the Chamber of Exporters (CERA) the power to distribute these licenses among exporters. CERA traditionally has been composed of the major grain exporters, but several small exporters in recent years decided to join, since the distribution of export licenses is mostly handled (and prioritized) by members. The swelling membership of CERA means that the Chamber must share the quota amongst more companies. Nevertheless, the members accept this responsibility so as to not contradict the minister. Any contradiction could jeopardize the system that enables the companies to earn substantial profits, as w...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
Beef packer margins deteriorated to $141/head last week, down $55 from the prior week as fed cattle prices strengthened while the Choice cutout remained nearly unchanged. The cutout held near $373/cwt while fed cattle prices climbed $4/cwt to $224/cwt, narrowing processor profits. Despite the d...
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.