Argentina Suspends Export Tax Reductions for Soyoil and Soymeal The government of Argentina today announced that reductions in the export tax rates for soymeal and soyoil will be suspended for the next six months. Since the beginning of this year, those rates along with that for soybeans have been dropping a half-percent per month. They are currently set at 23 percent for soymeal/soyoil and 26 percent for soybeans. This suspension is intended to boost export tax revenue at a time the government is seeking to reduce its budget deficit to comply with the requirements of the International Monetary Fund (IMF). The Argentine government also indicated it will continue the monthly, half-percent reduction in the export tax on soybeans for the nex...
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.