Shipments of Argentine soybeans are quite delayed this season due to a late harvest, quality issues and problems in the port of Necochea that limit the draft on ships to 190 MT. This dynamic is placing several exporters under serious financial strain. Soybeans The Argentine government this week announced a "possible" decrease in the biodiesel taxes from 21.7 percent to 11 percent. Exporters are checking every day for this potential tariff reduction. Like many other announcements by the Argentine government, this one has not yet been implemented, and there is a big question as to whether it will.It is noteworthy that the current export duties are not a fixed rate. Instead, they are determined by the government and subject to fuel prices. M...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.