The corn situation in Argentina is generating big losses throughout the entire chain. It started with farmers not harvesting and thus not delivering to ports, leaving many vessels waiting to load and subject to large demurrage costs as a result. There are also large problems in the local market. Soybeans High volatility has returned to the Brazilian soybean market. The board has been trading in a range of at least 20 cents or more each day, much like the rally after the WASDE report was released. Farmers reacted to this rally by selling around 1.2-1.5 MMT in a day. This volume was split between old crop (2015/16) and new crop (2016/17). The most recent Safras & Mercado report indicated that farmer selling reached 67 percent this week,...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.