Korea Starts Buying New Crop South American Soymeal Two Korean feed manufacturing groups today bought one cargo each of South American soymeal for delivery in the last half of April. One cargo of 55,000 MT was purchased by the Korea Feed Association from Concordia at a price of $507/MT C&F. The Major Feedmill Group bought 55,000 MT of soymeal from Glencore at a price of $505.36/MT C&F.Korean soymeal importers currently have unshipped purchases for 140,100 MT of U.S. soymeal that likely will be shipped relatively soon to meet part of their needs between now and the arrival of new crop soymeal from South America. Korea is forecasted to import about 141,000 MT of soymeal a month in the 2012/13 marketing year so the U.S. purchases eq...
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.