Soybeans The Paranagua paper market has been depreciating. May traded at +5 SK in March, and it has since dropped to -58 SK. That is an incredible drop in a month. Because the paper market has no load rate guarantee, the spread between cargo and paper is a calculation of the waiting time at Paranagua and the demurrage costs of loading a Panamax at ports. The spread used to be at 25 cents over paper for a Panamax loading in Paranagua; however, with the 60-day waiting time at the port, the spread increased to 35-40 cents over paper. Northern ports like Santos and Tubarao have a premium over Paranagua for better quality and a shorter waiting time. Those premiums typically are around 30 cents. They are currently at 50 cents over paper.Local...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.