Argentina Selling Soymeal Corn Blend in Vietnam According to a contact, Argentine exporters are offering a product in Vietnam that is called a balanced soymeal. The product contains a mixture of 5 percent corn meal and 95 percent soymeal and is being offered at a discount to pure soymeal. Evidently, feed millers like it even though they complain about its high salt content.This product makes sense to Argentine exporters, as the Argentine export tax rate on corn is 25 percent versus 32 percent for soymeal. And, of course, corn is far less costly than soymeal. It also may be that the Argentine exporters are receiving an export tax break by classifying the product as a mixed feed.As it stands now, the soymeal-corn blend is entering Vietnam...
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.