Soybean demand returned to Argentina last week. Six cargoes were traded FOB and CNF at levels of -9 SN FOB and 57 SN CNF, both for May/June shipment. Considering that Brazil May FOB was trading at 38 SK last week, today’s offers at 48 SK indicates Argentina is now more competitive. Devaluation and Markets With devaluation of the Argentine peso executed (as noted in our last report), any adverse impacts have not been as dramatic as the previous government predicted. Operating on a "free" exchange rate market, adjustment is occurring little by little with the current rate at approximately 13 ARS/USD (falling from around 10).What the new government has yet to accomplish is the issuance of new export licenses, but that is certain to happen in...
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.