Argentine farmers are simply not offering their crops for export. A primary reason for this lack of selling is the spread between the official and the black market rates for the peso. Rainy Season in Argentina Heavy rains fell north of Buenos Aires and south of Entre Rios during the first days of February (see map below). Some areas have received more than 300mm in two days, which is producing some flooding. Some exporters estimated that about 1 million hectares could be under water.The longer-term effect on the crops is not yet clear. The situation could improve with the return of some hot and sunny days. Unfortunately, however, more rains are expected this week.Cordoba and Santa Fe also received some rains that should help in the develo...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.