Soybeans: Big crops in South America The last soybean campaign in South America was very disappointing. In November 2011, everyone was predicting production to be about 72 MMT in Brazil, 53 MMT in Argentina, 7.5 MMT in Paraguay and 2.2 MMT in Uruguay. However, by December 2011 crops began to shrink because of the drought that affected those countries. Brazil's soybean crop was lowered to 66 MMT, as per Conab, down about 10 percent from original estimates. Paraguay's crop was reduced to 4 MMT, about a 47 percent reduction. Argentina's fell to 40 MMT, a 25 percent reduction. The only country that met and even surpassed its estimated production level was Uruguay, finishing with 2.4 MMT of soybeans. Uruguay was lucky enough to catch most of...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
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.