There seems to be considerable demand to buy combos of Argentine corn and meal together as Argentine meal can help offset the price of corn, and both products can be loaded at the same port and berth. Argentine Corn Continues Moving Weaker local basis is making Argentine corn increasingly competitive against other global locations, and demand is starting to appear. It is estimated that about 800,000 MT traded during March when premiums declined below 80CK. Algeria and Morocco have been active buyers, as normal, but some new players have also started to appear, such as Caribbean countries and Korea.There are rumors that Egypt bought a few cargoes of corn for April and May shipments due to a lack of U.S. offers. The U.S. has a logistical co...
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.