Corn ARGENTINE EXPORTERS CANCEL FAS CORN CONTRACTS Argentine exporters recently cancelled some FAS corn purchases because of delays delivering the product to ports. Corn that had been sold on average at $200/MT FAS Rosario was unable to meet delivery deadlines, and contracts were cancelled. The market difference shall be paid from farmers to exporters. Delay on corn deliveries to ports were the result of bad weather and farmers concentrating on the soybean harvest. Export programs were concentrated for March-May, with the subsequent purchases for these months.The delayed deliveries caused an increase of the corn lineup, with vessels waiting more than a month to load the cereal. Exporters were forced to pay very high demurrage costs on v...
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.