Critical Weekend for Argentine Corn and Soybean Crops Weather forecasters are predicting some rainfall this weekend over much of Argentina’s soybean and corn growing areas as a front moves through. Because it is quite dry across much of the country and crops greatly need moisture, how widespread the rainfall is and the amount received appear to be critical. Pablo Adreani, president of the Argentine consulting firm AgriPac, told the La Nación newspaper this week that up to half of the country’s soybeans and corn will be endangered if substantial rains do not occur this weekend as the situation is extraordinary. This is because only 53 percent of the soybeans and 46 percent of the corn have been planted, and it is quickly...
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.