World Perspectives
feed-grains soy-oilseeds livestock

Brazil’s Corn and Soy Tariffs; Trade Facilitation

On Friday we commented on Brazil’s livestock and poultry demand potential for DDGS co-produced by the growing trend of corn ethanol production in Brazil. Producers are discovering that DDGS are cheaper than soymeal and help with feeding margins. That afternoon, the economy ministry of Brazil announced that due to high feed prices, it was suspending tariffs on non-Mercosur corn, soybeans, soymeal, and soyoil. Those commodities from the Mercosur block are tariff free, from outside the block they’re subject to the following tariffs: Corn and soybeans – 8 percent tariff Soymeal – 6 percent tariff Soyoil – 10 percent tariff The waiver has yet to be published in the Diario Official (it may be tomorrow, 20 Oc...

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feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Regional Updates Due to the Ramadan Eid El Fitr holidays ending, there is no grain news or information from the MENA region this week.  SOUTHERN/EASTERN/WESTERN AFRICA  Ghana’s government faces serious criticism f...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Falls on Stronger Dollar, Technical Trade; NOPA Crush Sets Record

The CBOT was mostly lower to start the week with a rising U.S. dollar and favorable weather for the U.S. and South America pressuring values. Some jitters over the weekend developments in the Middle East also kept markets on the defensive, though crude oil prices slipped lower despite the incre...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 15 April)

Update for 1 April 2024: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where ob...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Regional Updates Due to the Ramadan Eid El Fitr holidays ending, there is no grain news or information from the MENA region this week.  SOUTHERN/EASTERN/WESTERN AFRICA  Ghana’s government faces serious criticism f...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Falls on Stronger Dollar, Technical Trade; NOPA Crush Sets Record

The CBOT was mostly lower to start the week with a rising U.S. dollar and favorable weather for the U.S. and South America pressuring values. Some jitters over the weekend developments in the Middle East also kept markets on the defensive, though crude oil prices slipped lower despite the incre...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 15 April)

Update for 1 April 2024: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where ob...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.315/bushel, down $0.04 from yesterday's close.  May 24 Wheat closed at $5.5175/bushel, down $0.0425 from yesterday's close.  May 24 Soybeans closed at $11.5825/bushel, down $0.1575 from yesterday's close.  May 24 Soymeal closed at $338.5/short ton, down $...

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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.

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